Flowsparks Balance Sheet Health
Financial Health criteria checks 6/6
Flowsparks has a total shareholder equity of €6.4M and total debt of €140.0K, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are €11.4M and €5.0M respectively. Flowsparks's EBIT is €2.0M making its interest coverage ratio 1271.1. It has cash and short-term investments of €3.6M.
Key information
2.2%
Debt to equity ratio
€140.00k
Debt
| Interest coverage ratio | 1271.1x |
| Cash | €3.56m |
| Equity | €6.40m |
| Total liabilities | €5.05m |
| Total assets | €11.45m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FLSP's short term assets (€7.1M) exceed its short term liabilities (€5.0M).
Long Term Liabilities: FLSP has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FLSP has more cash than its total debt.
Reducing Debt: FLSP's debt to equity ratio has reduced from 88.6% to 2.2% over the past 5 years.
Debt Coverage: FLSP's debt is well covered by operating cash flow (1855.6%).
Interest Coverage: FLSP's interest payments on its debt are well covered by EBIT (1271.1x coverage).