FORIS Balance Sheet Health
Financial Health criteria checks 3/6
FORIS has a total shareholder equity of €15.2M and total debt of €5.2M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are €22.1M and €6.8M respectively. FORIS's EBIT is €1.3M making its interest coverage ratio 3.9. It has cash and short-term investments of €1.9M.
Key information
34.1%
Debt to equity ratio
€5.19m
Debt
Interest coverage ratio | 3.9x |
Cash | €1.87m |
Equity | €15.22m |
Total liabilities | €6.84m |
Total assets | €22.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRS's short term assets (€17.6M) exceed its short term liabilities (€6.8M).
Long Term Liabilities: FRS's short term assets (€17.6M) do not cover its long term liabilities (€-1,000.0).
Debt to Equity History and Analysis
Debt Level: FRS's net debt to equity ratio (21.9%) is considered satisfactory.
Reducing Debt: FRS's debt to equity ratio has increased from 0% to 34.1% over the past 5 years.
Debt Coverage: FRS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FRS's interest payments on its debt are well covered by EBIT (3.9x coverage).