Forge Innovation Development (FGNV) Debt to Equity (2020 - 2025)
Forge Innovation Development (FGNV) recorded quarterly Debt to Equity of -$0.25 in Q3 2025, down 156.66% quarter-over-quarter from $0.44 in Q2 2025, and down 197.47% on a YoY basis from $0.26 in Q3 2024.
Forge Innovation Development (FGNV) Debt to Equity (2020 - 2025) Analysis & Trends
Forge Innovation Development's Debt to Equity history runs 6 years deep, the most recent figure standing at -$0.25 for Q3 2025.
- In Q3 2025, Debt to Equity fell 197.47% year-over-year to -$0.25; the TTM figure through Sep 2025 stood at -$0.25 (down 197.47% YoY), while the FY2024 annual figure was $0.02, down 98.85% from the prior year.
- Debt to Equity was -$0.25 for Q3 2025 at Forge Innovation Development, down from $0.44 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $1.54 in Q4 2023 to a low of -$33.47 in Q3 2021.
- Historically, Debt to Equity has averaged -$1.58 across 5 years, with a median of $0.1 in 2023.
- The sharpest annual moves came in 2021 and 2023: Debt to Equity plunged 275.6% in 2021, then jumped 864.02% in 2023.
- A 5-year view of Debt to Equity shows it stood at -$0.29 in 2021, then tumbled by 149.74% to -$0.71 in 2022, then surged by 316.24% to $1.54 in 2023, then sank by 98.85% to $0.02 in 2024, then slumped by 1516.72% to -$0.25 in 2025.
- The last three Debt to Equity figures came in at -$0.25 (Q3 2025), $0.44 (Q2 2025), and $0.39 (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | IHS Holding | 45.03 Bn | 44.04 Bn | 231.80 | -118.70 |
| 2 | Cbre | 38.54 Bn | 37.33 Bn | 1.85 Bn | 0.60 |
| 3 | Costar | 14.00 Bn | 12.72 Bn | 701.00 Mn | 0.13 |
| 4 | Jones Lang Lasalle | 13.85 Bn | 13.53 Bn | - | 0.11 |
| 5 | KE Holdings | 7.04 Bn | 4.80 Bn | 661.06 Mn | - |
| 6 | Compass | 5.66 Bn | 5.19 Bn | 2.31 Bn | 1.11 |
| 7 | Opendoor Technologies | 4.24 Bn | 4.17 Bn | 72.00 Mn | 1.19 |
| 8 | Cushman & Wakefield | 3.11 Bn | 2.51 Bn | 420.70 Mn | 1.41 |
| 9 | Newmark | 2.67 Bn | 2.62 Bn | - | 0.59 |
| 10 | Forge Innovation Development | - | - | - | -0.25 |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -0.25 |
| Jun 30, 2025 | 0.44 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.02 |
| Sep 30, 2024 | 0.26 |
| Jun 30, 2024 | 0.25 |
| Mar 31, 2024 | 0.17 |
| Dec 31, 2023 | 1.54 |
| Sep 30, 2023 | 0.10 |
| Jun 30, 2023 | 0.09 |
| Mar 31, 2023 | 1.28 |
| Dec 31, 2022 | -0.71 |
| Sep 30, 2022 | -1.07 |
| Jun 30, 2022 | -0.13 |
| Mar 31, 2022 | -0.17 |
| Dec 31, 2021 | -0.29 |
| Sep 30, 2021 | -33.47 |
| Jun 30, 2021 | 1.06 |
| Mar 31, 2021 | 0.47 |
| Dec 31, 2020 | 0.16 |