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FinTech Chain (ASX:FTC) Debt-to-Equity : -1.33 (As of Sep. 2024)


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What is FinTech Chain Debt-to-Equity?

FinTech Chain's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$5.24 Mil. FinTech Chain's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$0.33 Mil. FinTech Chain's Total Stockholders Equity for the quarter that ended in Sep. 2024 was A$-4.21 Mil. FinTech Chain's debt to equity for the quarter that ended in Sep. 2024 was -1.33.

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 FinTech Chain's Debt-to-Equity or its related term are showing as below:

ASX:FTC' s Debt-to-Equity Range Over the Past 10 Years
Min: -13.43   Med: -1.78   Max: 80.21
Current: -1.33

During the past 12 years, the highest Debt-to-Equity Ratio of FinTech Chain was 80.21. The lowest was -13.43. And the median was -1.78.

ASX:FTC's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.22 vs ASX:FTC: -1.33

FinTech Chain Debt-to-Equity Historical Data

The historical data trend for FinTech Chain'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.

FinTech Chain Debt-to-Equity Chart

FinTech Chain Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.87 -13.43 80.21 -4.67 -2.15

FinTech Chain Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.01 -4.67 -3.23 -2.15 -1.33

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

For the Software - Infrastructure subindustry, FinTech Chain'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.

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

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

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


FinTech Chain Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FinTech Chain's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
=(3.609 + 0.479) / -1.9
=-2.15

FinTech Chain's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
=(5.244 + 0.334) / -4.207
=-1.33

* 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.

FinTech Chain  (ASX:FTC) 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.

FinTech Chain Debt-to-Equity Related Terms

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

FinTech Chain Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Debt-to-Equity
Comparable Companies
ASX:KNO ASX:W2V ASX:EXT ASX:INP ASX:S3N ASX:GTH ASX:WHK ASX:EPX ASX:XPN ASX:ADS MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK
Traded in Other Exchanges
N/A
Address
1701, Block B2, No.15 KeYuan Road, KeXing Science Park, Nanshan District, Shenzhen, CHN, 518000
Website
https://www.ttg.hk
FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. The Company's operating activities are attributable to a single operating segment as the revenue is derived from interconnected services of T-LinxTM SaaS platform including SaaS cloud service, SaaS for hardware IoT and SaaS for rights/interests/points/marketing/promotion. 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.