Findi Balance Sheet Health
Financial Health criteria checks 3/6
Findi has a total shareholder equity of A$32.2M and total debt of A$98.7M, which brings its debt-to-equity ratio to 306.2%. Its total assets and total liabilities are A$184.4M and A$152.2M respectively. Findi's EBIT is A$9.7M making its interest coverage ratio 0.7. It has cash and short-term investments of A$61.7M.
Key information
306.2%
Debt to equity ratio
AU$98.72m
Debt
| Interest coverage ratio | 0.7x |
| Cash | AU$61.67m |
| Equity | AU$32.24m |
| Total liabilities | AU$152.16m |
| Total assets | AU$184.40m |
Recent financial health updates
Recent updates
Market Participants Recognise Findi Limited's (ASX:FND) Earnings Pushing Shares 29% Higher
Nov 07
Does Findi (ASX:FND) Deserve A Spot On Your Watchlist?
Oct 16Subdued Growth No Barrier To Findi Limited (ASX:FND) With Shares Advancing 27%
Sep 19Findi Limited's (ASX:FND) 28% Cheaper Price Remains In Tune With Earnings
Jul 29Does Findi (ASX:FND) Deserve A Spot On Your Watchlist?
Jun 24Findi Limited's (ASX:FND) P/E Is Still On The Mark Following 27% Share Price Bounce
Jun 03Even With A 50% Surge, Cautious Investors Are Not Rewarding Findi Limited's (ASX:FND) Performance Completely
Jan 29Does Vortiv (ASX:VOR) Have A Healthy Balance Sheet?
Jun 11We're Not Counting On Vortiv (ASX:VOR) To Sustain Its Statutory Profitability
Feb 04Is Vortiv Limited's (ASX:VOR) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Dec 30
There's No Escaping Vortiv Limited's (ASX:VOR) Muted Earnings
Nov 24Financial Position Analysis
Short Term Liabilities: FND's short term assets (A$80.7M) exceed its short term liabilities (A$68.0M).
Long Term Liabilities: FND's short term assets (A$80.7M) do not cover its long term liabilities (A$84.2M).
Debt to Equity History and Analysis
Debt Level: FND's net debt to equity ratio (114.9%) is considered high.
Reducing Debt: FND's debt to equity ratio has increased from 4.2% to 306.2% over the past 5 years.
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: Whilst unprofitable FND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 21:50 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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
Findi Limited is covered by 2 analysts. 2 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 |
|---|---|
| Michael Youlden | MST Financial Services Pty Limited |
| Lindsay Bettiol | Ord Minnett Limited |