Frequency Exchange (TSXV:FREQ) Cash-to-Debt : 0.48 (As of Sep. 2023)

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What is Frequency Exchange 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. Frequency Exchange's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.48.

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, Frequency Exchange couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:FREQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 2 Max: No Debt
Current: 0.48

During the past 3 years, Frequency Exchange's highest Cash to Debt Ratio was No Debt. The lowest was 0.36. And the median was 2.00.

TSXV:FREQ's Cash-to-Debt is ranked worse than
74.1% of 857 companies
in the Medical Devices & Instruments industry
Industry Median: 1.9 vs TSXV:FREQ: 0.48

Frequency Exchange Cash-to-Debt Historical Data

The historical data trend for Frequency Exchange'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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Frequency Exchange Cash-to-Debt Chart

Frequency Exchange Annual Data

Trend

Oct20

Oct21

Dec22

Cash-to-Debt

No Debt

1.31

Frequency Exchange Quarterly Data
	Oct20	Jan21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					2.00	1.31	0.77	0.36	0.48

Competitive Comparison of Frequency Exchange's Cash-to-Debt

For the Medical Devices subindustry, Frequency Exchange'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.

Frequency Exchange's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Frequency Exchange's Cash-to-Debt distribution charts can be found below:

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

Frequency Exchange 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.

Frequency Exchange's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.959	/	(0.73	+	0)
	=	1.31

Frequency Exchange's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.291	/	(0.602	+	0)
	=	0.48

Frequency Exchange (TSXV:FREQ) 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.

Frequency Exchange Cash-to-Debt Related Terms

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Frequency Exchange (TSXV:FREQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Frequency Exchange Corp (TSXV:FREQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.frequencyexchangecorp.com

Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.

Executives

Stephen Davis

10% Security Holder, Director, Senior Officer