Findi Balance Sheet Health
Financial Health criteria checks 1/6
Findi has a total shareholder equity of A$36.9M and total debt of A$134.7M, which brings its debt-to-equity ratio to 365.5%. Its total assets and total liabilities are A$198.4M and A$161.5M respectively. Findi's EBIT is A$11.9M making its interest coverage ratio 1.2. It has cash and short-term investments of A$70.3M.
Key information
365.5%
Debt to equity ratio
AU$134.74m
Debt
Interest coverage ratio | 1.2x |
Cash | AU$70.32m |
Equity | AU$36.86m |
Total liabilities | AU$161.51m |
Total assets | AU$198.37m |
Recent financial health updates
Recent updates
Does 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 30There's No Escaping Vortiv Limited's (ASX:VOR) Muted Earnings
Nov 24Financial Position Analysis
Short Term Liabilities: FND's short term assets (A$90.2M) exceed its short term liabilities (A$70.4M).
Long Term Liabilities: FND's short term assets (A$90.2M) do not cover its long term liabilities (A$91.1M).
Debt to Equity History and Analysis
Debt Level: FND's net debt to equity ratio (174.8%) is considered high.
Reducing Debt: FND's debt to equity ratio has increased from 4.6% to 365.5% over the past 5 years.
Debt Coverage: FND's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: FND's interest payments on its debt are not well covered by EBIT (1.2x coverage).