Fonix Balance Sheet Health
Financial Health criteria checks 6/6
Fonix has a total shareholder equity of £10.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £75.4M and £65.0M respectively. Fonix's EBIT is £11.6M making its interest coverage ratio -15. It has cash and short-term investments of £29.5M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | -15x |
Cash | UK£29.55m |
Equity | UK£10.35m |
Total liabilities | UK£65.03m |
Total assets | UK£75.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOS's short term assets (£73.6M) exceed its short term liabilities (£64.7M).
Long Term Liabilities: FOS's short term assets (£73.6M) exceed its long term liabilities (£351.0K).
Debt to Equity History and Analysis
Debt Level: FOS is debt free.
Reducing Debt: FOS has not had any debt for past 5 years.
Debt Coverage: FOS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FOS has no debt, therefore coverage of interest payments is not a concern.