BTCS (FRA:BIC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

FRA:BIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 7 Max: No Debt
Current: No Debt

During the past 13 years, BTCS's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 7.00.

FRA:BIC's Cash-to-Debt is ranked better than
99.37% of 791 companies
in the Capital Markets industry
Industry Median: 1.87 vs FRA:BIC: No Debt

BTCS Cash-to-Debt Historical Data

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

BTCS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.47

11.46

No Debt

BTCS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of BTCS's Cash-to-Debt

For the Capital Markets subindustry, BTCS'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.

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

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

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

BTCS 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.

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

BTCS had no debt ⁽¹⁾.

BTCS's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

BTCS had no debt ⁽¹⁾.

BTCS (FRA:BIC) 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.

BTCS Cash-to-Debt Related Terms

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

BTCS (FRA:BIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BTCS Inc (FRA:BIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BTCS:USA

Address

9466 Georgia Avenue, Suite 124, Silver Spring, MD, USA, 20910

Website

https://www.btcs.com

BTCS Inc is engaged in the business of hosting an online e-commerce marketplace where consumers can purchase merchandise using Digital Assets, including bitcoin. The company focuses on blockchain and Digital Asset ecosystems. The firm operates a beta e-commerce marketplace, which accepts a range of digital currencies, has designed a beta secure digital currency storage solution BTCS Wallet.

BTCS (FRA:BIC) Headlines

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BTCS (FRA:BIC) Cash-to-Debt : No Debt (1) (As of Dec. 2023)