Fitzroy River Balance Sheet Health
Financial Health criteria checks 6/6
Fitzroy River has a total shareholder equity of A$6.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$6.3M and A$60.1K respectively. Fitzroy River's EBIT is A$59.2K making its interest coverage ratio -0.9. It has cash and short-term investments of A$2.3M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | -0.9x |
| Cash | AU$2.26m |
| Equity | AU$6.27m |
| Total liabilities | AU$60.07k |
| Total assets | AU$6.33m |
Financial Position Analysis
Short Term Liabilities: FZR's short term assets (A$2.5M) exceed its short term liabilities (A$60.1K).
Long Term Liabilities: FZR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FZR is debt free.
Reducing Debt: FZR had no debt 5 years ago.
Debt Coverage: FZR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FZR has no debt, therefore coverage of interest payments is not a concern.