FORIS Balance Sheet Health
Financial Health criteria checks 5/6
FORIS has a total shareholder equity of €17.2M and total debt of €4.1M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are €23.1M and €5.8M respectively. FORIS's EBIT is €2.5M making its interest coverage ratio 7.3. It has cash and short-term investments of €1.5M.
Key information
23.9%
Debt to equity ratio
€4.11m
Debt
| Interest coverage ratio | 7.3x |
| Cash | €1.54m |
| Equity | €17.25m |
| Total liabilities | €5.83m |
| Total assets | €23.08m |
Recent financial health updates
No updates
Recent updates
Why Investors Shouldn't Be Surprised By FORIS AG's (ETR:FRS) Low P/E
Aug 16
There's No Escaping FORIS AG's (ETR:FRS) Muted Revenues Despite A 27% Share Price Rise
May 03Why Investors Shouldn't Be Surprised By FORIS AG's (ETR:FRS) Low P/S
Dec 18Does FORIS AG (ETR:FRS) Have A Place In Your Dividend Stock Portfolio?
Apr 02Looking For Steady Income For Your Dividend Portfolio? Is FORIS AG (ETR:FRS) A Good Fit?
Dec 18
Financial Position Analysis
Short Term Liabilities: FRS's short term assets (€18.6M) exceed its short term liabilities (€5.8M).
Long Term Liabilities: FRS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FRS's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: FRS's debt to equity ratio has increased from 0% to 23.9% over the past 5 years.
Debt Coverage: FRS's debt is well covered by operating cash flow (58.6%).
Interest Coverage: FRS's interest payments on its debt are well covered by EBIT (7.3x coverage).