Future FinTech Group Balance Sheet Health
Financial Health criteria checks 4/6
Future FinTech Group has a total shareholder equity of $35.7M and total debt of $939.3K, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are $53.4M and $17.7M respectively.
Key information
2.6%
Debt to equity ratio
US$939.33k
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.11m |
| Equity | US$35.75m |
| Total liabilities | US$17.65m |
| Total assets | US$53.40m |
Recent financial health updates
Recent updates
Future FinTech Group Inc. (NASDAQ:FTFT) Stock Rockets 32% But Many Are Still Ignoring The Company
Nov 15
Market Cool On Future FinTech Group Inc.'s (NASDAQ:FTFT) Revenues Pushing Shares 31% Lower
Aug 15Market Still Lacking Some Conviction On Future FinTech Group Inc. (NASDAQ:FTFT)
Feb 14Why Investors Shouldn't Be Surprised By Future FinTech Group Inc.'s (NASDAQ:FTFT) Low P/S
Apr 17FTFT signs MOU to acquire Alpha International Securities
Sep 08Future Fintech receives approval from UK Regulator to acquire Khyber Money Exchange
Aug 19Does Future FinTech Group (NASDAQ:FTFT) Have A Healthy Balance Sheet?
Aug 16We Think Future FinTech Group (NASDAQ:FTFT) Can Afford To Drive Business Growth
Mar 08We're Not Very Worried About Future FinTech Group's (NASDAQ:FTFT) Cash Burn Rate
Nov 20Exela Technologies and EMCORE among tech gainers; Fintech Group and 9F among losers
Jun 21Could The Future FinTech Group Inc. (NASDAQ:FTFT) Ownership Structure Tell Us Something Useful?
Feb 02Future FinTech Group Inc.: A Blockchain Revolution
Jan 13Future FinTech's mBTC System and Technology enables bitcoin as an online payment method
Jan 11Future FinTech rallies on acceptance of blockchain tech related software copyrights
Jan 07Future Fintech inks acquisition term sheet with Blocknance Finance
Jan 04Future FinTech announces $8M direct offering, stock -13% PM
Dec 24Future FinTech appointed Ming Yi as chief financial officer
Dec 02Future FinTech appoints Yang Liu as COO
Nov 18Financial Position Analysis
Short Term Liabilities: FTFT's short term assets ($45.1M) exceed its short term liabilities ($16.8M).
Long Term Liabilities: FTFT's short term assets ($45.1M) exceed its long term liabilities ($806.0K).
Debt to Equity History and Analysis
Debt Level: FTFT has more cash than its total debt.
Reducing Debt: FTFT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FTFT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FTFT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.7% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:09 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Future FinTech Group Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Howard Zhou | Roth MKM |