Fintech Select Balance Sheet Health
Financial Health criteria checks 2/6
Fintech Select has a total shareholder equity of CA$-786.9K and total debt of CA$89.2K, which brings its debt-to-equity ratio to -11.3%. Its total assets and total liabilities are CA$555.2K and CA$1.3M respectively. Fintech Select's EBIT is CA$258.8K making its interest coverage ratio 38.2. It has cash and short-term investments of CA$15.1K.
Key information
-11.3%
Debt to equity ratio
CA$89.16k
Debt
| Interest coverage ratio | 38.2x |
| Cash | CA$15.10k |
| Equity | -CA$786.94k |
| Total liabilities | CA$1.34m |
| Total assets | CA$555.25k |
Recent financial health updates
No updates
Recent updates
Little Excitement Around Fintech Select Ltd.'s (CVE:FTEC) Earnings
May 02
Calculating The Fair Value Of Fintech Select Ltd. (CVE:FTEC)
Oct 19A Look At The Intrinsic Value Of Fintech Select Ltd. (CVE:FTEC)
Mar 10Does Fintech Select (CVE:FTEC) Deserve A Spot On Your Watchlist?
Aug 03Estimating The Fair Value Of Fintech Select Ltd. (CVE:FTEC)
Sep 02Financial Position Analysis
Short Term Liabilities: FTEC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FTEC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: FTEC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FTEC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FTEC's debt is well covered by operating cash flow (487.8%).
Interest Coverage: FTEC's interest payments on its debt are well covered by EBIT (38.2x coverage).