Future FinTech Group (LTS:0A8H) Cash-to-Debt : 8.34 (As of Dec. 2023)

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What is Future FinTech Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Future FinTech Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.34.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Future FinTech Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Future FinTech Group's Cash-to-Debt or its related term are showing as below:

LTS:0A8H' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.73 Max: 39.72
Current: 8.34

During the past 13 years, Future FinTech Group's highest Cash to Debt Ratio was 39.72. The lowest was 0.01. And the median was 0.73.

LTS:0A8H's Cash-to-Debt is ranked better than
64.92% of 2799 companies
in the Software industry
Industry Median: 2.47 vs LTS:0A8H: 8.34

Future FinTech Group Cash-to-Debt Historical Data

The historical data trend for Future FinTech Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Future FinTech Group Cash-to-Debt Chart

Future FinTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.20

5.75

39.72

5.82

8.34

Future FinTech Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															5.82	3.76	7.92	22.46	8.34

Competitive Comparison of Future FinTech Group's Cash-to-Debt

For the Software - Application subindustry, Future FinTech Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Future FinTech Group's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Future FinTech Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Future FinTech Group's Cash-to-Debt falls into.

Future FinTech Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Future FinTech Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	19.991	/	(1.599	+	0.797)
	=	8.34

Future FinTech Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	19.991	/	(1.599	+	0.797)
	=	8.34

Future FinTech Group (LTS:0A8H) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Future FinTech Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Future FinTech Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Future FinTech Group (LTS:0A8H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Future FinTech Group Inc (LTS:0A8H) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

FTFT:USA

Address

Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY, USA, 10036

Website

http://www.ftft.com

Future FinTech Group Inc is engaged in the financial technology business. The company engages in the operation of a blockchain-based online shared shopping mall platform and also operates an incubator for application projects using blockchain technology. Future FinTech and its subsidiaries are developing blockchain technology for a variety of B2B and B2C real-life applications.

Future FinTech Group (LTS:0A8H) Headlines

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