GFT Technologies Balance Sheet Health
Financial Health criteria checks 6/6
GFT Technologies has a total shareholder equity of €252.6M and total debt of €142.0M, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are €644.0M and €391.4M respectively. GFT Technologies's EBIT is €71.0M making its interest coverage ratio 53.5. It has cash and short-term investments of €64.9M.
Key information
56.2%
Debt to equity ratio
€142.00m
Debt
Interest coverage ratio | 53.5x |
Cash | €64.88m |
Equity | €252.63m |
Total liabilities | €391.40m |
Total assets | €644.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GFT's short term assets (€298.2M) exceed its short term liabilities (€268.8M).
Long Term Liabilities: GFT's short term assets (€298.2M) exceed its long term liabilities (€122.6M).
Debt to Equity History and Analysis
Debt Level: GFT's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: GFT's debt to equity ratio has reduced from 85.6% to 56.2% over the past 5 years.
Debt Coverage: GFT's debt is well covered by operating cash flow (35.1%).
Interest Coverage: GFT's interest payments on its debt are well covered by EBIT (53.5x coverage).