AMTFF (Ameritrust Financial Technologies) Cash-to-Debt : 0.64 (As of Sep. 2024)

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What is Ameritrust Financial Technologies 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. Ameritrust Financial Technologies's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.64.

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, Ameritrust Financial Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Ameritrust Financial Technologies's Cash-to-Debt or its related term are showing as below:

AMTFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 2.06 Max: No Debt
Current: 0.64

During the past 13 years, Ameritrust Financial Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 2.06.

AMTFF's Cash-to-Debt is ranked worse than
72.17% of 2803 companies
in the Software industry
Industry Median: 2.61 vs AMTFF: 0.64

Ameritrust Financial Technologies Cash-to-Debt Historical Data

The historical data trend for Ameritrust Financial Technologies'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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Ameritrust Financial Technologies Cash-to-Debt Chart

Ameritrust Financial Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.27

0.61

2.06

0.34

Ameritrust Financial Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.73	0.34	0.35	0.85	0.64

Competitive Comparison of Ameritrust Financial Technologies's Cash-to-Debt

For the Software - Application subindustry, Ameritrust Financial Technologies'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.

Ameritrust Financial Technologies's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ameritrust Financial Technologies's Cash-to-Debt distribution charts can be found below:

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

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Ameritrust Financial Technologies 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.

Ameritrust Financial Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1.32	/	(2.421	+	1.457)
	=	0.34

Ameritrust Financial Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.115	/	(1.75	+	0)
	=	0.64

Ameritrust Financial Technologies (OTCPK:AMTFF) 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.

Ameritrust Financial Technologies Cash-to-Debt Related Terms

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Ameritrust Financial Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ameritrust Financial Technologies Inc (OTCPK:AMTFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1ZV:Germany AMT:Canada

Address

1100 Burloak Drive, Suite 300, Burlington, ON, CAN, L7L 6B2

Website

https://www.ameritrust.com

Ameritrust Financial Technologies Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance, and lease new and used vehicles, which includes real-time appraisal services, market information, and financing solutions.