FTVI (FinTech Acquisition VI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is FinTech Acquisition VI 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 Acquisition VI's cash to debt ratio for the quarter that ended in Sep. 2022 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, FinTech Acquisition VI could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(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 FinTech Acquisition VI's Cash-to-Debt or its related term are showing as below:

FTVI's Cash-to-Debt is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 7.36
* Ranked among companies with meaningful Cash-to-Debt only.

FinTech Acquisition VI Cash-to-Debt Historical Data

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

FinTech Acquisition VI Annual Data

Trend

Dec21

Cash-to-Debt

No Debt

FinTech Acquisition VI Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of FinTech Acquisition VI's Cash-to-Debt

For the Shell Companies subindustry, FinTech Acquisition VI'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 Acquisition VI's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

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FinTech Acquisition VI 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 Acquisition VI's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

FinTech Acquisition VI had no debt ⁽¹⁾.

FinTech Acquisition VI's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

FinTech Acquisition VI had no debt ⁽¹⁾.

FinTech Acquisition VI (NAS:FTVI) 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 Acquisition VI Cash-to-Debt Related Terms

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

FinTech Acquisition VI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FinTech Acquisition Corp VI (NAS:FTVI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street,, Suite 1703, Philadelphia, PA, USA, 19104-2870

Website

FinTech Acquisition Corp VI is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Daniel G Cohen	officer: Chief Executive Officer	712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Douglas Listman	officer: Chief Financial Officer	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Mcentee James J Iii	officer: President and Secretary	405 SILVERSIDE ROAD, WILMINGTON DE 19809
Betsy Z Cohen	director
Mona Aboelnaga	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Ellen Warren	director	311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Madelyn Antoncic	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Fintech Masala, Llc	10 percent owner	3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019
Fintech Masala Holdings, Llc	10 percent owner	3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019
Laura Kohn	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Fintech Acquisition Corp V	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Fintech Masala Advisors Vi Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Fintech Investor Holdings Vi Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Cohen Sponsor Interests Vi, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104