RocketFuel Blockchain (RocketFuel Blockchain) Cash-to-Debt : 0.28 (As of Jun. 2023)

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What is RocketFuel Blockchain 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. RocketFuel Blockchain's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.28.

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, RocketFuel Blockchain couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

RKFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: No Debt Max: No Debt
Current: 0.28

During the past 13 years, RocketFuel Blockchain's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was No Debt.

RKFL's Cash-to-Debt is ranked worse than
82.52% of 2792 companies
in the Software industry
Industry Median: 2.41 vs RKFL: 0.28

RocketFuel Blockchain Cash-to-Debt Historical Data

The historical data trend for RocketFuel Blockchain'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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RocketFuel Blockchain Cash-to-Debt Chart

RocketFuel Blockchain Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

1.52

RocketFuel Blockchain Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	1.52	0.28

Competitive Comparison of RocketFuel Blockchain's Cash-to-Debt

For the Software - Infrastructure subindustry, RocketFuel Blockchain'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.

RocketFuel Blockchain's Cash-to-Debt Distribution in the Software Industry

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

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

RocketFuel Blockchain 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.

RocketFuel Blockchain'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)
	=	0.422	/	(0.277	+	0)
	=	1.52

RocketFuel Blockchain's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.112	/	(0.403	+	0)
	=	0.28

RocketFuel Blockchain (OTCPK:RKFL) 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.

RocketFuel Blockchain Cash-to-Debt Related Terms

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

RocketFuel Blockchain (RocketFuel Blockchain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RocketFuel Blockchain Inc (OTCPK:RKFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Spear Street, Suite 1100, San Francisco, CA, USA, 94105

Website

https://www.rocketfuelblockchain.com

RocketFuel Blockchain Inc is a development-stage company that is in the process of developing check-out systems based upon blockchain technology and designed to increase speed, security, and ease of use. The company's blockchain-based check-out solution is being designed to include a single-click functionality to invoke payment conveyance with integrated consumer shipping address data. The provide payment solutions to businesses enabling them to make and receive payments with cryptocurrencies and via bank transfers, including ACH.

Executives

Peter Michael Jensen	director, officer: CEO	45 BULKLEY AVE #3, SAUSALITO CA 94965
Gert Funk	director, 10 percent owner, officer: Chief Executive Officer	C/O B4MC GOLD MINES, INC., 3651 LINDELL ROAD, LAS VEGAS NV 89103
Bennett J. Yankowitz	director, 10 percent owner, officer: President	P.O. BOX 5778, BEVERLY HILLS CA 90024
Rohan Hall	officer: CTO	29 CANOE, IRVINE CA 92618
Henrik Rouf	10 percent owner	468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210
Joseph E Page	director, 10 percent owner, officer: Chief Technical Officer	C/O B4MC GOLD MINES, INC., 3651 LINDELL ROAD, LAS VEGAS NV 89103
Carsten Jensen	10 percent owner	RUNGSTEDVEJ 127, RUNGSTED G7 2960
Saxton Capital Ltd.	10 percent owner	RUNGSTEDVEJ 127, RUNGSTED G7 2960
Henrik Oerbekker	10 percent owner	94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449
Erik Hamann Petersen	10 percent owner	C/O ULRIK LARSEN, STENVAENGET 16, HEDEHUSENE G7 DK-2640