FTCI (FTC Solar) Cash-to-Debt : 1.06 (As of Dec. 2024)

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What is FTC Solar 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. FTC Solar's cash to debt ratio for the quarter that ended in Dec. 2024 was 1.06.

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, FTC Solar 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 FTC Solar's Cash-to-Debt or its related term are showing as below:

FTCI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.92 Med: 14.33 Max: 57.02
Current: 1.06

During the past 6 years, FTC Solar's highest Cash to Debt Ratio was 57.02. The lowest was 0.92. And the median was 14.33.

FTCI's Cash-to-Debt is ranked worse than
58.71% of 1010 companies
in the Semiconductors industry
Industry Median: 1.825 vs FTCI: 1.06

FTC Solar Cash-to-Debt Historical Data

The historical data trend for FTC Solar'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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FTC Solar Cash-to-Debt Chart

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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15.13

57.02

36.90

13.54

1.06

FTC Solar 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															13.54	8.38	5.49	4.70	1.06

Competitive Comparison of FTC Solar's Cash-to-Debt

For the Solar subindustry, FTC Solar'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.

FTC Solar's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Cash-to-Debt distribution charts can be found below:

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

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FTC Solar 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.

FTC Solar'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)
	=	11.247	/	(0.755	+	9.877)
	=	1.06

FTC Solar'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)
	=	11.247	/	(0.755	+	9.877)
	=	1.06

FTC Solar (NAS:FTCI) 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.

FTC Solar Cash-to-Debt Related Terms

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

FTC Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (NAS:FTCI) » Definitions » Cash-to-Debt

Comparable Companies

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6YK0:Germany

Address

9020 North Capital of Texas Highway, Suite I-260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.

Executives

Ahmad R Chatila	director	3901 NO. FIRST STREET, SAN JOSE CA 95134
Quiroga Cortes Isidoro Alfonso	director	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Patrick Cook	officer: CHIEF FINANCIAL OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Tamara Mullings	director	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Robert Phelps Morris	officer: CHIEF FINANCIAL OFFICER	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759
Shaker Sadasivam	director	P O BOX 8, SAINT PETERS MO 63376
William A Priddy	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Cathy Behnen	officer: CHIEF ACCOUNTING OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sasan Aminpour	officer: Chief Operating Officer	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Arc Family Trust	10 percent owner	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Kristian Nolde	officer: VP, MARKETING AND STRATEGY	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
David Springer	director, 10 percent owner	2718 LOYAGA DRIVE, ROUND ROCK TX 78681
Nagendra Cherukupalli	officer: CHIEF TECHNOLOGY OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sean Hunkler	director, officer: PRESIDENT AND CEO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thurman J Rodgers	director	535 EASTVIEW WAY, WOODSIDE CA 94062