Freedom Internet Group (Freedom Internet Group) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2023)

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What is Freedom Internet Group 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. Freedom Internet Group's cash to debt ratio for the quarter that ended in Jan. 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, Freedom Internet Group could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 Freedom Internet Group's Cash-to-Debt or its related term are showing as below:

FIGI's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.56
* Ranked among companies with meaningful Cash-to-Debt only.

Freedom Internet Group Cash-to-Debt Historical Data

The historical data trend for Freedom Internet Group'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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Freedom Internet Group Cash-to-Debt Chart

Freedom Internet Group Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Cash-to-Debt

No Debt

94.09

No Debt

Freedom Internet Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Freedom Internet Group's Cash-to-Debt

For the Asset Management subindustry, Freedom Internet Group'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.

Freedom Internet Group's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Freedom Internet Group's Cash-to-Debt distribution charts can be found below:

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

Freedom Internet Group 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.

Freedom Internet Group's Cash to Debt Ratio for the fiscal year that ended in Oct. 2022 is calculated as:

Freedom Internet Group had no debt ⁽¹⁾.

Freedom Internet Group's Cash to Debt Ratio for the quarter that ended in Jan. 2023 is calculated as:

Freedom Internet Group had no debt ⁽¹⁾.

Freedom Internet Group (OTCPK:FIGI) 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.

Freedom Internet Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Freedom Internet Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Freedom Internet Group (Freedom Internet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Freedom Internet Group Inc (OTCPK:FIGI) » Definitions » Cash-to-Debt

Comparable Companies

NISN AHG LMFA PT BWMY DXF SNTG JT WEIDY AIHS V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

151 Calle San Francisco, Suite 200, San Juan, PRI, 00901

Website

https://www.figiroyalty.com

Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.

Executives

Noah Rosenfarb	director, 10 percent owner, officer: CFO	12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb	director, officer: COO	4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman	director, 10 percent owner, officer: CEO	3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

Freedom Internet Group (Freedom Internet Group) Headlines

No Headlines

Freedom Internet Group (Freedom Internet Group) Cash-to-Debt : No Debt (1) (As of Jan. 2023)