Fonix Balance Sheet Health
Financial Health criteria checks 6/6
Fonix has a total shareholder equity of £10.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £64.3M and £53.6M respectively. Fonix's EBIT is £12.8M making its interest coverage ratio -11.6. It has cash and short-term investments of £26.5M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -11.6x |
| Cash | UK£26.48m |
| Equity | UK£10.70m |
| Total liabilities | UK£53.65m |
| Total assets | UK£64.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOS's short term assets (£62.4M) exceed its short term liabilities (£53.3M).
Long Term Liabilities: FOS's short term assets (£62.4M) exceed its long term liabilities (£383.0K).
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.