Digital Currency X Technology Inc. key statistics and ratios
In fiscal 2024, Digital Currency X Technology Inc. had an operating margin of -35.1% and a current ratio of 0.76. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 |
|---|---|---|---|---|
| Operating margin | −579.1% | −790.5% | −37.9% | −35.1% |
| Net margin | −134.1% | −516.4% | <−999% | −997.9% |
| Free-cash-flow margin | −104.6% | 70.5% | −478.3% | −384.0% |
| Return on equity | −26.7% | — | — | — |
| Return on assets | — | −11.8% | −16.6% | −13.7% |
| Asset turnover | — | 0.02 | 0.02 | 0.01 |
| Current ratio | — | 0.33 | 0.17 | 0.76 |
| Debt to equity | 0.0% | — | — | — |
| Interest cover (operating income ÷ interest) | n/m | n/m | n/m | n/m |
| R&D as % of revenue | 69.1% | 92.1% | 88.6% | 21.4% |
| SG&A as % of revenue | 226.2% | 436.6% | 37.9% | 35.1% |
| Capital spending as % of revenue | 4.3% | 79.1% | 56.3% | 15.7% |
Financial health
- Short-term assets cover short-term liabilities $867m of assets due within a year against $709m of liabilities due within a year.
- Short-term assets cover long-term liabilities $867m short-term assets against $0 of longer-dated liabilities.
- More cash than debt Cash or debt not separately reported. Not assessable.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
- Operating profit covers interest at least five times over Operating income of −$8m against −$14,000 of interest.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
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