FinTech Globalorporated (TSE:8789) Cash-to-Debt : 0.81 (As of Dec. 2023)

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What is FinTech Globalorporated 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. FinTech Globalorporated's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.81.

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, FinTech Globalorporated couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:8789' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.73 Max: 9.61
Current: 0.81

During the past 13 years, FinTech Globalorporated's highest Cash to Debt Ratio was 9.61. The lowest was 0.43. And the median was 0.73.

TSE:8789's Cash-to-Debt is ranked worse than
60.25% of 556 companies
in the Diversified Financial Services industry
Industry Median: 2.98 vs TSE:8789: 0.81

FinTech Globalorporated Cash-to-Debt Historical Data

The historical data trend for FinTech Globalorporated'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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FinTech Globalorporated Cash-to-Debt Chart

FinTech Globalorporated Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.47

0.43

0.48

0.60

0.75

FinTech Globalorporated 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															0.59	0.63	0.70	0.75	0.81

Competitive Comparison of FinTech Globalorporated's Cash-to-Debt

For the Financial Conglomerates subindustry, FinTech Globalorporated'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.

FinTech Globalorporated's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, FinTech Globalorporated's Cash-to-Debt distribution charts can be found below:

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

FinTech Globalorporated 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.

FinTech Globalorporated's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	5766.703	/	(6309.078	+	1341.54)
	=	0.75

FinTech Globalorporated's Cash to Debt Ratio for the quarter 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)
	=	6081.167	/	(6283.56	+	1261.072)
	=	0.81

FinTech Globalorporated (TSE:8789) 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.

FinTech Globalorporated Cash-to-Debt Related Terms

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FinTech Globalorporated (TSE:8789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FinTech Global Incorporated (TSE:8789) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-28 Toranomon, Minato-ku, Tokyo, JPN

Website

http://www.fgi.co.jp

FinTech Global Incorporated is an investment bank with divisions for securities, investment management, and principal finance. The company primarily focuses on three areas of financial services, namely, investment banking, principal investment, and asset management. Further, it provides services, such as management participation, corporate revitalization, venture development and fund-procurement arrangements from both debt and equity perspectives to support the real economy. Geographically it operates through the region of Japan.

FinTech Globalorporated (TSE:8789) Headlines

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