FintechWerx International Software Services (XCNQ:WERX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is FintechWerx International Software Services 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. FintechWerx International Software Services's cash to debt ratio for the quarter that ended in Oct. 2023 was No Debt ⁽¹⁾.

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, FintechWerx International Software Services could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(1) 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.

The historical rank and industry rank for FintechWerx International Software Services's Cash-to-Debt or its related term are showing as below:

XCNQ:WERX' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 1 years, FintechWerx International Software Services's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:WERX's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.49 vs XCNQ:WERX: No Debt

FintechWerx International Software Services Cash-to-Debt Historical Data

The historical data trend for FintechWerx International Software Services'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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FintechWerx International Software Services Cash-to-Debt Chart

FintechWerx International Software Services Annual Data

Trend

Apr23

Cash-to-Debt

No Debt

FintechWerx International Software Services Quarterly Data
	Jul23	Oct23
Cash-to-Debt	No Debt	No Debt

Competitive Comparison of FintechWerx International Software Services's Cash-to-Debt

For the Software - Infrastructure subindustry, FintechWerx International Software Services'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.

FintechWerx International Software Services's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, FintechWerx International Software Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FintechWerx International Software Services's Cash-to-Debt falls into.

FintechWerx International Software Services 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.

FintechWerx International Software Services's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

FintechWerx International Software Services had no debt ⁽¹⁾.

FintechWerx International Software Services's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

FintechWerx International Software Services had no debt ⁽¹⁾.

FintechWerx International Software Services (XCNQ:WERX) 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.

FintechWerx International Software Services Cash-to-Debt Related Terms

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

FintechWerx International Software Services (XCNQ:WERX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FintechWerx International Software Services Inc (XCNQ:WERX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.fintechwerx.com

FintechWerx International Software Services Inc is an e-commerce technology company. The Company is engaged in delivering enrollment, automated identity verification, payment solutions, and data management services. The FintechWerx Platform is a combination of both licensed and proprietary software together the Technology Stack that provides a single comprehensive, suite of services for small to medium sized enterprises.

FintechWerx International Software Services (XCNQ:WERX) Headlines

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FintechWerx International Software Services (XCNQ:WERX) Cash-to-Debt : No Debt (1) (As of Oct. 2023)