Fansunite Entertainment (TSX:FANS) Cash-to-Debt : 0.53 (As of Mar. 2024)

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What is Fansunite Entertainment 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. Fansunite Entertainment's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.53.

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, Fansunite Entertainment couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSX:FANS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 30.38 Max: No Debt
Current: 0.53

During the past 6 years, Fansunite Entertainment's highest Cash to Debt Ratio was No Debt. The lowest was 0.34. And the median was 30.38.

TSX:FANS's Cash-to-Debt is ranked worse than
50.86% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs TSX:FANS: 0.53

Fansunite Entertainment Cash-to-Debt Historical Data

The historical data trend for Fansunite Entertainment'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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Fansunite Entertainment Cash-to-Debt Chart

Fansunite Entertainment Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

36.98

135.39

0.34

0.77

Fansunite Entertainment Quarterly Data
	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.61	1.17	0.78	0.77	0.53

Competitive Comparison of Fansunite Entertainment's Cash-to-Debt

For the Gambling subindustry, Fansunite Entertainment'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.

Fansunite Entertainment's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fansunite Entertainment's Cash-to-Debt distribution charts can be found below:

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

Fansunite Entertainment 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.

Fansunite Entertainment's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	2.227	/	(2.862	+	0.029)
	=	0.77

Fansunite Entertainment's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1.381	/	(2.614	+	0)
	=	0.53

Fansunite Entertainment (TSX:FANS) 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.

Fansunite Entertainment Cash-to-Debt Related Terms

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

Fansunite Entertainment (TSX:FANS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fansunite Entertainment Inc (TSX:FANS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FUNFF:USA 4UY:Germany

Address

780 Beatty Street, Suite 303, Vancouver, BC, CAN, V6B 2M1

Website

https://www.fansunite.com

Fansunite Entertainment Inc is a sports and entertainment company that focuses on focusing on technology related to regulated and lawful online gaming in sports, esports and casino. Also, the company provides technology solutions and services in the global gaming and entertainment industries.

Executives

Paul Petrie	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Damian Walker	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Fansunite Entertainment (TSX:FANS) Headlines

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