FlexShopper Balance Sheet Health
Financial Health criteria checks 2/6
FlexShopper has a total shareholder equity of $29.8M and total debt of $148.2M, which brings its debt-to-equity ratio to 497.3%. Its total assets and total liabilities are $187.3M and $157.5M respectively. FlexShopper's EBIT is $22.4M making its interest coverage ratio 0.9. It has cash and short-term investments of $7.3M.
Key information
497.3%
Debt to equity ratio
US$148.24m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$7.33m |
| Equity | US$29.81m |
| Total liabilities | US$157.45m |
| Total assets | US$187.26m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9FL's short term assets ($149.3M) exceed its short term liabilities ($18.7M).
Long Term Liabilities: 9FL's short term assets ($149.3M) exceed its long term liabilities ($138.7M).
Debt to Equity History and Analysis
Debt Level: 9FL's net debt to equity ratio (472.7%) is considered high.
Reducing Debt: 9FL's debt to equity ratio has increased from 235.4% to 497.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 9FL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 9FL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.5% each year