Fintech Select Balance Sheet Health
Financial Health criteria checks 2/6
Fintech Select has a total shareholder equity of CA$-292.5K and total debt of CA$160.0K, which brings its debt-to-equity ratio to -54.7%. Its total assets and total liabilities are CA$1.2M and CA$1.5M respectively. Fintech Select's EBIT is CA$97.5K making its interest coverage ratio 184. It has cash and short-term investments of CA$72.3K.
Key information
-54.7%
Debt to equity ratio
CA$160.02k
Debt
Interest coverage ratio | 184x |
Cash | CA$72.30k |
Equity | -CA$292.47k |
Total liabilities | CA$1.47m |
Total assets | CA$1.18m |
Recent financial health updates
No updates
Recent updates
Little Excitement Around Fintech Select Ltd.'s (CVE:FTEC) Earnings
May 02Calculating 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 (125.6%).
Interest Coverage: FTEC's interest payments on its debt are well covered by EBIT (184x coverage).