Forum Energy Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Forum Energy Technologies has a total shareholder equity of $446.2M and total debt of $284.1M, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are $1.0B and $575.2M respectively. Forum Energy Technologies's EBIT is $26.3M making its interest coverage ratio 1.2. It has cash and short-term investments of $48.5M.
Key information
63.7%
Debt to equity ratio
US$284.11m
Debt
Interest coverage ratio | 1.2x |
Cash | US$48.49m |
Equity | US$446.20m |
Total liabilities | US$575.19m |
Total assets | US$1.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1FE1's short term assets ($546.8M) exceed its short term liabilities ($193.1M).
Long Term Liabilities: 1FE1's short term assets ($546.8M) exceed its long term liabilities ($382.1M).
Debt to Equity History and Analysis
Debt Level: 1FE1's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: 1FE1's debt to equity ratio has increased from 47.3% to 63.7% 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: Whilst unprofitable 1FE1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1FE1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.3% per year.