FTGFF (Firan Technology Group) Cash-to-Debt : 0.25 (As of Aug. 2024)

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What is Firan Technology 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. Firan Technology Group's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.25.

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, Firan Technology Group couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

The historical rank and industry rank for Firan Technology Group's Cash-to-Debt or its related term are showing as below:

FTGFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.45 Max: 1.56
Current: 0.25

During the past 13 years, Firan Technology Group's highest Cash to Debt Ratio was 1.56. The lowest was 0.04. And the median was 0.45.

FTGFF's Cash-to-Debt is ranked worse than
67.1% of 307 companies
in the Aerospace & Defense industry
Industry Median: 0.58 vs FTGFF: 0.25

Firan Technology Group Cash-to-Debt Historical Data

The historical data trend for Firan Technology 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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Firan Technology Group Cash-to-Debt Chart

Firan Technology Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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1.41

1.01

1.56

1.15

0.19

Firan Technology Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.19	0.11	0.18	0.25

Competitive Comparison of Firan Technology Group's Cash-to-Debt

For the Aerospace & Defense subindustry, Firan Technology 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.

Firan Technology Group's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Cash-to-Debt distribution charts can be found below:

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

Firan Technology 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.

Firan Technology Group's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 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)
	=	4.827	/	(3.666	+	21.998)
	=	0.19

Firan Technology Group's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	6.121	/	(3.43	+	21.282)
	=	0.25

Firan Technology Group (OTCPK:FTGFF) 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.

Firan Technology Group Cash-to-Debt Related Terms

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Firan Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (OTCPK:FTGFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

22F:Germany FTG:Canada

Address

250 Finchdene Square, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe. The majority of revenue is derived from the FTG Circuits segment.