Flowtech Fluidpower Balance Sheet Health
Financial Health criteria checks 4/6
Flowtech Fluidpower has a total shareholder equity of £69.3M and total debt of £19.9M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are £115.1M and £45.8M respectively. Flowtech Fluidpower's EBIT is £3.9M making its interest coverage ratio 2.1. It has cash and short-term investments of £6.4M.
Key information
28.7%
Debt to equity ratio
UK£19.88m
Debt
| Interest coverage ratio | 2.1x |
| Cash | UK£6.37m |
| Equity | UK£69.33m |
| Total liabilities | UK£45.77m |
| Total assets | UK£115.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2FW's short term assets (£60.2M) exceed its short term liabilities (£20.7M).
Long Term Liabilities: 2FW's short term assets (£60.2M) exceed its long term liabilities (£25.1M).
Debt to Equity History and Analysis
Debt Level: 2FW's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: 2FW's debt to equity ratio has increased from 24.8% to 28.7% over the past 5 years.
Debt Coverage: 2FW's debt is well covered by operating cash flow (37.2%).
Interest Coverage: 2FW's interest payments on its debt are not well covered by EBIT (2.1x coverage).