FinTech Chain (ASX:FTC) Cash-to-Debt : 0.23 (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

What is FinTech Chain 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 Chain's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.23.

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 Chain couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ASX:FTC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.23 Max: No Debt
Current: 0.23

During the past 11 years, FinTech Chain's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.23.

ASX:FTC's Cash-to-Debt is ranked worse than
84.53% of 2792 companies
in the Software industry
Industry Median: 2.415 vs ASX:FTC: 0.23

FinTech Chain Cash-to-Debt Historical Data

The historical data trend for FinTech Chain'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.

* Premium members only.

FinTech Chain Cash-to-Debt Chart

FinTech Chain Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.09

0.15

0.24

0.43

0.08

FinTech Chain Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.43	0.14	0.08	0.23

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

For the Software - Infrastructure subindustry, FinTech Chain'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 Chain's Cash-to-Debt Distribution in the Software Industry

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

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

FinTech Chain 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 Chain's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.35	/	(4.501	+	0)
	=	0.08

FinTech Chain's Cash to Debt Ratio for the quarter 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)
	=	1.256	/	(1.922	+	3.624)
	=	0.23

FinTech Chain (ASX:FTC) 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 Chain Cash-to-Debt Related Terms

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

FinTech Chain (ASX:FTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Dundas Street, Unit 1806, 18th Floor, Gala Place, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.ttg.hk

FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. Geographically, it derives a majority of its revenue from PRC. It serves banking, catering, department store, community, tourism, and retail industries. Its product portfolio includes Prepaid Cards, Integrated Payment Systems, POS P, BIN-Based Promotion Tools, Transaction E-Authentication, Digital Community Service, T-Linx Cloud Service, T-PAD, TL-008/009, and others. The company earns revenue from the provision of system development services; provision of information technology services; provision of point-of-sale machine services and the sale of point-of-sale machines.

FinTech Chain (ASX:FTC) Headlines

From GuruFocus

Sterling Manor Financial, LLC Buys FIRST TR L CAP GRW, First Trust TCW Unconstrained Plus Bond ETF, First Trust Health Care AlphaDEX Fund, Sells First Trust Energy AlphaDEX Fund, SPDR S&P Software & Services ETF, First Trust Dow Jones Internet Index Fund

By GuruFocus Research GuruFocus Editor • 10-08-2021