Finseta Balance Sheet Health
Financial Health criteria checks 6/6
Finseta has a total shareholder equity of £1.7M and total debt of £2.2M, which brings its debt-to-equity ratio to 131.2%. Its total assets and total liabilities are £6.7M and £5.1M respectively. Finseta's EBIT is £745.2K making its interest coverage ratio -3.3. It has cash and short-term investments of £2.3M.
Key information
131.2%
Debt to equity ratio
UK£2.17m
Debt
Interest coverage ratio | -3.3x |
Cash | UK£2.34m |
Equity | UK£1.66m |
Total liabilities | UK£5.09m |
Total assets | UK£6.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 90W's short term assets (£3.7M) exceed its short term liabilities (£2.4M).
Long Term Liabilities: 90W's short term assets (£3.7M) exceed its long term liabilities (£2.7M).
Debt to Equity History and Analysis
Debt Level: 90W has more cash than its total debt.
Reducing Debt: 90W had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 90W's debt is well covered by operating cash flow (89.9%).
Interest Coverage: 90W earns more interest than it pays, so coverage of interest payments is not a concern.