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Faction Investment Group (TSXV:FINV.P) Cash-to-Debt : No Debt (1) (As of Feb. 2024)


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What is Faction Investment 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. Faction Investment Group's cash to debt ratio for the quarter that ended in Feb. 2024 was No Debt (1).

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, Faction Investment Group could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(1) 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.

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

TSXV:FINV.P' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

During the past 3 years, Faction Investment Group's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:FINV.P's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 4.89 vs TSXV:FINV.P: No Debt

Faction Investment Group Cash-to-Debt Historical Data

The historical data trend for Faction Investment 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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Faction Investment Group Cash-to-Debt Chart

Faction Investment Group Annual Data
Trend Nov21 Nov22 Nov23
Cash-to-Debt
No Debt No Debt No Debt

Faction Investment Group Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Faction Investment Group's Cash-to-Debt

For the Shell Companies subindustry, Faction Investment 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.


Faction Investment Group's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Faction Investment Group's Cash-to-Debt distribution charts can be found below:

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



Faction Investment 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.

Faction Investment Group's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Faction Investment Group had no debt (1).

Faction Investment Group's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Faction Investment Group had no debt (1).

* 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.


Faction Investment Group  (TSXV:FINV.P) 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.


Faction Investment Group Cash-to-Debt Related Terms

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Faction Investment Group (TSXV:FINV.P) Business Description

Traded in Other Exchanges
N/A
Address
2160 - 650 West Georgia Street, Vancouver, BC, CAN, V6B 4N7
Website
Faction Investment Group Corp is a capital pool company.

Faction Investment Group (TSXV:FINV.P) Headlines

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