Flowtech Fluidpower Balance Sheet Health
Financial Health criteria checks 4/6
Flowtech Fluidpower has a total shareholder equity of £67.4M and total debt of £19.9M, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are £117.0M and £49.6M respectively. Flowtech Fluidpower's EBIT is £4.6M making its interest coverage ratio 2.7. It has cash and short-term investments of £5.2M.
Key information
29.5%
Debt to equity ratio
UK£19.92m
Debt
Interest coverage ratio | 2.7x |
Cash | UK£5.18m |
Equity | UK£67.40m |
Total liabilities | UK£49.62m |
Total assets | UK£117.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2FW's short term assets (£61.8M) exceed its short term liabilities (£24.0M).
Long Term Liabilities: 2FW's short term assets (£61.8M) exceed its long term liabilities (£25.6M).
Debt to Equity History and Analysis
Debt Level: 2FW's net debt to equity ratio (21.9%) is considered satisfactory.
Reducing Debt: 2FW's debt to equity ratio has increased from 25.2% to 29.5% over the past 5 years.
Debt Coverage: 2FW's debt is well covered by operating cash flow (41.2%).
Interest Coverage: 2FW's interest payments on its debt are not well covered by EBIT (2.7x coverage).