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CYFRF (Sol Strategies) Cash-to-Debt : 0.31 (As of Dec. 2024)


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What is Sol Strategies 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. Sol Strategies's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.31.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Sol Strategies couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Sol Strategies's Cash-to-Debt or its related term are showing as below:

CYFRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31   Med: No Debt   Max: No Debt
Current: 0.31

During the past 13 years, Sol Strategies's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was No Debt.

CYFRF's Cash-to-Debt is ranked worse than
81.31% of 781 companies
in the Capital Markets industry
Industry Median: 2.36 vs CYFRF: 0.31

Sol Strategies Cash-to-Debt Historical Data

The historical data trend for Sol Strategies'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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Sol Strategies Cash-to-Debt Chart

Sol Strategies Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 0.74 No Debt No Debt No Debt

Sol Strategies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.31

Competitive Comparison of Sol Strategies's Cash-to-Debt

For the Capital Markets subindustry, Sol Strategies'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.

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

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

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


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Sol Strategies 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.

Sol Strategies's Cash to Debt Ratio for the fiscal year that ended in Sep. 2024 is calculated as:

Sol Strategies had no debt (1).

Sol Strategies'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)
=0.898 / (2.917 + 0)
=0.31

* 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.

Sol Strategies  (OTCPK:CYFRF) 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.

Sol Strategies Cash-to-Debt Related Terms

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Sol Strategies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sol Strategies Inc (OTCPK:CYFRF) » Definitions » Cash-to-Debt
Comparable Companies
TSXV:HIVE TSXV:NDA TSX:PNP TSX:XAU TSXV:DMGI TSXV:BIGG TSX:BITF TSXV:MATA TSXV:BTCW TSXV:HFC MS GS SCHW SHSE:600030 ASX:MQG SHSE:601211 HOOD BSP:BPAC3 TW LPLA
Traded in Other Exchanges
1X00:Germany 1X00:Germany HODL:Canada
Address
217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2
Website
https://www.solstrategies.io
Sol Strategies Inc is engaged in investing in blockchain technologies and crypto currencies. Company executes its Investment Objective through three lines of effort: Treasury management: Maintaining a core portfolio of cryptocurrencies for long-term growth, enhanced with risk management strategies to minimize volatility, and generating yield through lending, staking, and liquidity provisioning; Private equity focused on early stage companies in the DeFi and blockchain sectors; and Active investments to generate yield through strategic activities, including Bitcoin mining and stalking and validating Solana.