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Future FinTech Group has the Financial Strength Rank of 6.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.Future FinTech Group did not have earnings to cover the interest expense. Future FinTech Group's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.15. As of today, Future FinTech Group's Altman Z-Score is -4.26.
For the Software - Application subindustry, Future FinTech Group's Financial Strength, along with its competitors' market caps and Financial Strength 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.
For the Software industry and Technology sector, Future FinTech Group's Financial Strength distribution charts can be found below:
* The bar in red indicates where Future FinTech Group's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Future FinTech Group's Interest Expense for the months ended in Dec. 2023 was $-0.00 Mil. Its Operating Income for the months ended in Dec. 2023 was $-4.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.80 Mil.
Future FinTech Group's Interest Coverage for the quarter that ended in Dec. 2023 is
Future FinTech Group did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Future FinTech Group's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (1.599 | + | 0.797) | / | 15.636 | |
= | 0.15 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Future FinTech Group has a Z-score of -4.26, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of -4.26 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
Future FinTech Group (NAS:FTFT) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Future FinTech Group has the Financial Strength Rank of 6.
Thank you for viewing the detailed overview of Future FinTech Group's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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