Findi Balance Sheet Health
Financial Health criteria checks 2/6
Findi has a total shareholder equity of A$36.9M and total debt of A$106.5M, which brings its debt-to-equity ratio to 289%. Its total assets and total liabilities are A$198.4M and A$161.5M respectively. Findi's EBIT is A$11.9M making its interest coverage ratio 1.2. It has cash and short-term investments of A$70.3M.
Key information
289.0%
Debt to equity ratio
AU$106.54m
Debt
| Interest coverage ratio | 1.2x |
| Cash | AU$70.32m |
| Equity | AU$36.86m |
| Total liabilities | AU$161.51m |
| Total assets | AU$198.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QED0's short term assets (A$90.2M) exceed its short term liabilities (A$70.4M).
Long Term Liabilities: QED0's short term assets (A$90.2M) do not cover its long term liabilities (A$91.1M).
Debt to Equity History and Analysis
Debt Level: QED0's net debt to equity ratio (98.3%) is considered high.
Reducing Debt: QED0's debt to equity ratio has increased from 4.6% to 289% over the past 5 years.
Debt Coverage: QED0's debt is well covered by operating cash flow (25.1%).
Interest Coverage: QED0's interest payments on its debt are not well covered by EBIT (1.2x coverage).