Firan Technology Group Balance Sheet Health
Financial Health criteria checks 6/6
Firan Technology Group has a total shareholder equity of CA$61.3M and total debt of CA$11.1M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are CA$123.0M and CA$61.7M respectively. Firan Technology Group's EBIT is CA$13.3M making its interest coverage ratio 7.3. It has cash and short-term investments of CA$3.9M.
Key information
18.2%
Debt to equity ratio
CA$11.13m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CA$3.89m |
| Equity | CA$61.30m |
| Total liabilities | CA$61.73m |
| Total assets | CA$123.04m |
Recent financial health updates
Firan Technology Group (TSE:FTG) Has A Pretty Healthy Balance Sheet
Dec 01
Here's Why Firan Technology Group (TSE:FTG) Can Manage Its Debt Responsibly
Dec 28Here's Why Firan Technology Group (TSE:FTG) Can Manage Its Debt Responsibly
Jun 03Is Firan Technology Group (TSE:FTG) A Risky Investment?
Mar 05Recent updates
Firan Technology Group Corporation Just Beat Revenue Estimates By 7.6%
Apr 17With EPS Growth And More, Firan Technology Group (TSE:FTG) Makes An Interesting Case
Mar 15Firan Technology Group Corporation (TSE:FTG) Shares Fly 26% But Investors Aren't Buying For Growth
Feb 22Is Now An Opportune Moment To Examine Firan Technology Group Corporation (TSE:FTG)?
Jan 27Firan Technology Group (TSE:FTG) Has A Pretty Healthy Balance Sheet
Dec 01There's Been No Shortage Of Growth Recently For Firan Technology Group's (TSE:FTG) Returns On Capital
Jul 01Is It Time To Consider Buying Firan Technology Group Corporation (TSE:FTG)?
Sep 17Is Now An Opportune Moment To Examine Firan Technology Group Corporation (TSE:FTG)?
May 26Firan Technology Group (TSE:FTG) Is Reinvesting At Lower Rates Of Return
Mar 27Here's Why Firan Technology Group (TSE:FTG) Can Manage Its Debt Responsibly
Dec 28Firan Technology Group (TSE:FTG) Might Be Having Difficulty Using Its Capital Effectively
Dec 04Firan Technology Group Corporation (TSE:FTG) Just Reported, And Analysts Assigned A CA$3.50 Price Target
Jul 16Here's Why Firan Technology Group (TSE:FTG) Can Manage Its Debt Responsibly
Jun 03Here's Why I Think Firan Technology Group (TSE:FTG) Is An Interesting Stock
May 19Firan Technology Group (TSE:FTG) Will Be Hoping To Turn Its Returns On Capital Around
May 04We Think Some Shareholders May Hesitate To Increase Firan Technology Group Corporation's (TSE:FTG) CEO Compensation
Apr 14Why Firan Technology Group Corporation (TSE:FTG) Could Be Worth Watching
Mar 26Is Firan Technology Group (TSE:FTG) A Risky Investment?
Mar 05Here's Why Firan Technology Group's (TSE:FTG) Statutory Earnings Are Arguably Too Conservative
Feb 12Firan Technology Group Corporation's (TSE:FTG) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Jan 18At CA$2.04, Is It Time To Put Firan Technology Group Corporation (TSE:FTG) On Your Watch List?
Dec 23How Much Are Firan Technology Group Corporation (TSE:FTG) Insiders Spending On Buying Shares?
Nov 27Should We Worry About Firan Technology Group Corporation's (TSE:FTG) P/E Ratio?
Jun 22
Financial Position Analysis
Short Term Liabilities: FTG's short term assets (CA$70.5M) exceed its short term liabilities (CA$31.3M).
Long Term Liabilities: FTG's short term assets (CA$70.5M) exceed its long term liabilities (CA$30.5M).
Debt to Equity History and Analysis
Debt Level: FTG's net debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: FTG's debt to equity ratio has reduced from 18.2% to 18.2% over the past 5 years.
Debt Coverage: FTG's debt is well covered by operating cash flow (98.6%).
Interest Coverage: FTG's interest payments on its debt are well covered by EBIT (7.3x coverage).