GFT Technologies Balance Sheet Health
Financial Health criteria checks 6/6
GFT Technologies has a total shareholder equity of €241.1M and total debt of €65.9M, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are €562.5M and €321.5M respectively. GFT Technologies's EBIT is €70.1M making its interest coverage ratio 177.5. It has cash and short-term investments of €70.5M.
Key information
27.4%
Debt to equity ratio
€65.95m
Debt
Interest coverage ratio | 177.5x |
Cash | €70.51m |
Equity | €241.06m |
Total liabilities | €321.45m |
Total assets | €562.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GFT's short term assets (€301.3M) exceed its short term liabilities (€253.1M).
Long Term Liabilities: GFT's short term assets (€301.3M) exceed its long term liabilities (€68.4M).
Debt to Equity History and Analysis
Debt Level: GFT has more cash than its total debt.
Reducing Debt: GFT's debt to equity ratio has reduced from 95.4% to 27.4% over the past 5 years.
Debt Coverage: GFT's debt is well covered by operating cash flow (61.3%).
Interest Coverage: GFT's interest payments on its debt are well covered by EBIT (177.5x coverage).