Flowsparks Balance Sheet Health
Financial Health criteria checks 6/6
Flowsparks has a total shareholder equity of €7.5M and total debt of €380.0K, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are €10.8M and €3.3M respectively. Flowsparks's EBIT is €1.8M making its interest coverage ratio 71.7. It has cash and short-term investments of €3.4M.
Key information
5.1%
Debt to equity ratio
€380.00k
Debt
Interest coverage ratio | 71.7x |
Cash | €3.39m |
Equity | €7.46m |
Total liabilities | €3.33m |
Total assets | €10.79m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLSP's short term assets (€6.3M) exceed its short term liabilities (€3.2M).
Long Term Liabilities: FLSP's short term assets (€6.3M) exceed its long term liabilities (€140.0K).
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 103.7% to 5.1% over the past 5 years.
Debt Coverage: FLSP's debt is well covered by operating cash flow (334.2%).
Interest Coverage: FLSP's interest payments on its debt are well covered by EBIT (71.7x coverage).