Functional Technologies (TSXV:FEB.H) Cash-to-Debt : 0.21 (As of Aug. 2012)

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What is Functional 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. Functional Technologies's cash to debt ratio for the quarter that ended in Aug. 2012 was 0.21.

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, Functional Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2012.

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

TSXV:FEB.H's Cash-to-Debt is not ranked ^*
in the Biotechnology industry.
Industry Median: 6.315
* Ranked among companies with meaningful Cash-to-Debt only.

Functional Technologies Cash-to-Debt Historical Data

The historical data trend for Functional 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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Functional Technologies Cash-to-Debt Chart

Functional Technologies Annual Data

Trend

Aug03

Aug04

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Cash-to-Debt

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7.73

2.42

0.49

2.43

0.21

Functional Technologies Semi-Annual Data
	Aug01	Aug02	Aug03	Aug04	Aug05	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12
Cash-to-Debt	Get a 7-Day Free Trial							7.73	2.42	0.49	2.43	0.21

Competitive Comparison of Functional Technologies's Cash-to-Debt

For the Biotechnology subindustry, Functional 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.

Functional Technologies's Cash-to-Debt Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Functional Technologies's Cash-to-Debt distribution charts can be found below:

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

Functional 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.

Functional Technologies's Cash to Debt Ratio for the fiscal year that ended in Aug. 2012 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)
	=	0.423	/	(1.41	+	0.588)
	=	0.21

Functional Technologies's Cash to Debt Ratio for the quarter that ended in Aug. 2012 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)
	=	0.423	/	(1.41	+	0.588)
	=	0.21

Functional Technologies (TSXV:FEB.H) 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.

Functional Technologies Cash-to-Debt Related Terms

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Functional Technologies (TSXV:FEB.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Functional Technologies Corp (TSXV:FEB.H) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.firstventuretech.com

Functional Technologies Corp is incorporated under the corporate laws of British Columbia, Canada on October 18, 1999. The Company is a functional foods and biological health products company that is developing and commercializing advanced yeast products and other novel biological products for the food and health care industry. The company develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries, for which viable solutions are lacking. The Company's platform technologies improve the performance of innate yeast functions to primarily prevent the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by various global agencies as dangerous substances (e.g. carcinogens, neurotoxicants or reproductive toxicants). The Company operates in three geographic regions: Canada, Europe and the United States.

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