Vinanz (AQSE:BTC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Vinanz 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. Vinanz'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, Vinanz 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 Vinanz's Cash-to-Debt or its related term are showing as below:

AQSE:BTC' 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 2 years, Vinanz's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

AQSE:BTC's Cash-to-Debt is ranked better than
99.49% of 786 companies
in the Capital Markets industry
Industry Median: 2.365 vs AQSE:BTC: No Debt

Vinanz Cash-to-Debt Historical Data

The historical data trend for Vinanz'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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Vinanz Cash-to-Debt Chart

Vinanz Annual Data

Trend

Aug22

Aug23

Cash-to-Debt

N/A

No Debt

Vinanz Semi-Annual Data
	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	N/A	N/A	No Debt	No Debt

Competitive Comparison of Vinanz's Cash-to-Debt

For the Capital Markets subindustry, Vinanz'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.

Vinanz's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Vinanz's Cash-to-Debt distribution charts can be found below:

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

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Vinanz 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.

Vinanz's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Vinanz had no debt ⁽¹⁾.

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

Vinanz had no debt ⁽¹⁾.

Vinanz (AQSE:BTC) 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.

Vinanz Cash-to-Debt Related Terms

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Vinanz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vinanz Ltd (AQSE:BTC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VINZF:USA BTC:UK

Address

Wichhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG 1110

Website

https://www.vinanz.co.uk

Vinanz Ltd operates as a Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers. The company focuses on the development of BTC cryptocurrency mining operations and an emerging class of powerful decentralised finance DeFI technologies. Together, cryptocurrencies and decentralised protocol technologies interoperate to create global decentralised financial services platforms. These platforms continue to enjoy rapid growth and are augmenting or replacing capabilities typically associated with traditional finance.