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Fintech Select (TSXV:FTEC) Debt-to-Equity : -0.11 (As of Dec. 2023)


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What is Fintech Select Debt-to-Equity?

Fintech Select's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.09 Mil. Fintech Select's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Fintech Select's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.79 Mil. Fintech Select's debt to equity for the quarter that ended in Dec. 2023 was -0.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Fintech Select's Debt-to-Equity or its related term are showing as below:

TSXV:FTEC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.38   Med: -0.18   Max: 0
Current: -0.11

TSXV:FTEC's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TSXV:FTEC: -0.11

Fintech Select Debt-to-Equity Historical Data

The historical data trend for Fintech Select's Debt-to-Equity 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.

* Premium members only.

Fintech Select Debt-to-Equity Chart

Fintech Select Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.17 -0.15 -0.12 -0.38 -0.11

Fintech Select Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity 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 -0.38 -0.34 -0.09 -0.11 -0.11

Competitive Comparison of Fintech Select's Debt-to-Equity

For the Software - Infrastructure subindustry, Fintech Select's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


Fintech Select's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Fintech Select's Debt-to-Equity falls into.



Fintech Select Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fintech Select's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Fintech Select's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Fintech Select  (TSXV:FTEC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Fintech Select Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Fintech Select's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Fintech Select (TSXV:FTEC) Business Description

Traded in Other Exchanges
Address
100 King Street W, Unit T201A, Chatham, ON, CAN, N7M 6A9
Fintech Select Ltd is a provider of prepaid card schemes, online payment platforms, and POS cryptocurrency platforms, all internally developed platforms. It also operates a multi-lingual call center that provides services to customers across all its platforms, and third-party customers. The company operated in three business segments which include Distribution, Call Center, and Financial Services. Its distribution sells prepaid wireless airtime and its Financial Services division provides prepaid debit card services.

Fintech Select (TSXV:FTEC) Headlines

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