Future FinTech Group (Future FinTech Group) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Future FinTech Group Debt-to-Equity?

Future FinTech Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.60 Mil. Future FinTech Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.80 Mil. Future FinTech Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $43.98 Mil. Future FinTech Group's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FTFT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.42 Med: 0.13 Max: 3.64
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Future FinTech Group was 3.64. The lowest was -0.42. And the median was 0.13.

FTFT's Debt-to-Equity is ranked better than
78.24% of 2220 companies
in the Software industry
Industry Median: 0.21 vs FTFT: 0.05

Future FinTech Group Debt-to-Equity Historical Data

The historical data trend for Future FinTech Group's Debt-to-Equity 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.

* Premium members only.

Future FinTech Group Debt-to-Equity Chart

Future FinTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.01

0.19

0.02

0.07

0.05

Future FinTech Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.07	0.03	0.05

Competitive Comparison of Future FinTech Group's Debt-to-Equity

For the Software - Application subindustry, Future FinTech Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Future FinTech Group's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Future FinTech Group's Debt-to-Equity falls into.

Future FinTech Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Future FinTech Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.599	+	0.797)	/	43.983
	=	0.05

Future FinTech Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.599	+	0.797)	/	43.983
	=	0.05

Future FinTech Group (NAS:FTFT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Future FinTech Group Debt-to-Equity Related Terms

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

Future FinTech Group (Future FinTech Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Future FinTech Group Inc (NAS:FTFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY, USA, 10036

Website

http://www.ftft.com

Future FinTech Group Inc is engaged in the financial technology business. The company engages in the operation of a blockchain-based online shared shopping mall platform and also operates an incubator for application projects using blockchain technology. Future FinTech and its subsidiaries are developing blockchain technology for a variety of B2B and B2C real-life applications.

Executives

Ming Yi	officer: Chief Financial Officer	PUDONG BUILDING, 2ND FLOOR, JUILING AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Yang Liu	officer: Chief Operating Officer	59 FREDERICKS ST, WEST ORANGE NJ 07052
Mingjie Zhao	director	190-19 50TH AVE, FRESH MEADOWS NY 11365
Shanchun Huang	director, officer: Chief Executive Officer	PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Hanjun Zheng	officer: Interim CFO	23F, CHINA DEVELOPMENT BANK TOWER, NO. 2, GAOXIN 1ST ROAD, XI'AN F4 710075
Zhi Yan	director	ROOM 03-1102, FL 11, BLDG C,SOHO,SALITUN, WORKERS' STADIUM NORTH RD,CHAOYANG DIST, BEIJING F4 0000000000
Yiliang Li	director	NO. 1803, BUILDING B, GUOHONG MANSION, MUXIDI, XICHENG DISTRICT, BEIJING F4 10038
Hongke Xue	director, officer: Chief Executive Officer	16F, CHINA DEVELOPMENT BANK TOWER, NO 2 GAOXIN 1ST RD, XI'AN F4 710075
V.x. Fortune Capital Ltd	10 percent owner	P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000
Skypeople International Holdings Group Ltd	10 percent owner	P.O. BOX 2804, 4TH FLOOR, SCOTIA CENTRE, GEORGE TOWN E9 KY1-1112
Golden Dawn International Ltd	10 percent owner	P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000
Baosheng Lu	director	ROOM 501, BLOCK 3, BINGJIAO LANE, TIANSHUIJING ROAD, XI'AN, SHAANXI PROVINCE F4 710002
Tao Wang	director	32/F, CHINA MERCHANTS TOWER, 118 JIAN GUO ROAD, CHAO YANG DISTRICT, BEIJING F4 100022
Yong Ke Xue	director, officer: Chief Executive Officer	16 F, NATIONAL DEVELOPMENT BANK TOWER, GAOXIN 2ND ROAD, XI'AN F4 710075
John W. Smagula	director	3036 FANSHAWE ST, PHILADELPHIA PA 19149