AIFF (Firefly Neuroscience) Cash-to-Debt : 2.61 (As of Dec. 2024)

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What is Firefly Neuroscience 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. Firefly Neuroscience's cash to debt ratio for the quarter that ended in Dec. 2024 was 2.61.

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, Firefly Neuroscience could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

AIFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: No Debt Max: No Debt
Current: 3.62

During the past 4 years, Firefly Neuroscience's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was No Debt.

AIFF's Cash-to-Debt is ranked better than
54.98% of 2783 companies
in the Software industry
Industry Median: 2.57 vs AIFF: 3.62

Firefly Neuroscience Cash-to-Debt Historical Data

The historical data trend for Firefly Neuroscience'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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Firefly Neuroscience Cash-to-Debt Chart

Firefly Neuroscience Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

0.37

No Debt

2.61

Firefly Neuroscience Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	0.72	No Debt	2.61

Competitive Comparison of Firefly Neuroscience's Cash-to-Debt

For the Software - Application subindustry, Firefly Neuroscience'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.

Firefly Neuroscience's Cash-to-Debt Distribution in the Software Industry

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

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

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Firefly Neuroscience 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.

Firefly Neuroscience's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 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)
	=	1.81	/	(0.694	+	0)
	=	2.61

Firefly Neuroscience's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	1.81	/	(0.694	+	0)
	=	2.61

Firefly Neuroscience (NAS:AIFF) 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.

Firefly Neuroscience Cash-to-Debt Related Terms

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Firefly Neuroscience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Firefly Neuroscience Inc (NAS:AIFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Military Road, Kenmore, NY, USA, 14217

Website

https://fireflyneuro.com

Firefly Neuroscience Inc is an AI company developing neuroscientific solutions that improve outcomes for patients with mental illnesses and cognitive disorders. It is focused on the commercialization of its Brain Network Analytics (BNA) software platform (the "BNA Platform")and the discovery and clinical development of biomarkers that support outcomes for people suffering from mental illnesses and cognitive disorders.