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Fandifi Technology (XCNQ:FDM) Cash-to-Debt : No Debt (1) (As of Oct. 2023)


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What is Fandifi Technology 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. Fandifi Technology's cash to debt ratio for the quarter that ended in Oct. 2023 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, Fandifi Technology could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(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 Fandifi Technology's Cash-to-Debt or its related term are showing as below:

XCNQ:FDM' s Cash-to-Debt Range Over the Past 10 Years
Min: 15   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, Fandifi Technology's highest Cash to Debt Ratio was No Debt. The lowest was 15.00. And the median was No Debt.

XCNQ:FDM's Cash-to-Debt is ranked better than
99.79% of 2793 companies
in the Software industry
Industry Median: 2.41 vs XCNQ:FDM: No Debt

Fandifi Technology Cash-to-Debt Historical Data

The historical data trend for Fandifi Technology'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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Fandifi Technology Cash-to-Debt Chart

Fandifi Technology Annual Data
Trend Nov14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
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

Fandifi Technology Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Fandifi Technology's Cash-to-Debt

For the Software - Application subindustry, Fandifi Technology'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.


Fandifi Technology's Cash-to-Debt Distribution in the Software Industry

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

* The bar in red indicates where Fandifi Technology's Cash-to-Debt falls into.



Fandifi Technology 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.

Fandifi Technology's Cash to Debt Ratio for the fiscal year that ended in Jan. 2023 is calculated as:

Fandifi Technology had no debt (1).

Fandifi Technology's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Fandifi Technology 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.


Fandifi Technology  (XCNQ:FDM) 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.


Fandifi Technology Cash-to-Debt Related Terms

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Fandifi Technology (XCNQ:FDM) Business Description

Traded in Other Exchanges
Address
1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6
Fandifi Technology Corp is engaged in the development and monetization of the Company's all ages prediction and wagering Esports Entertainment Platform for engaging fans on mobile applications. The company operates in segments namely, Canada, Curacao, and Cyprus.

Fandifi Technology (XCNQ:FDM) Headlines