Forum Energy Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Forum Energy Technologies has a total shareholder equity of $443.5M and total debt of $227.8M, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are $973.7M and $530.2M respectively. Forum Energy Technologies's EBIT is $32.6M making its interest coverage ratio 1.1. It has cash and short-term investments of $33.3M.
Key information
51.4%
Debt to equity ratio
US$227.76m
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$33.31m |
| Equity | US$443.53m |
| Total liabilities | US$530.21m |
| Total assets | US$973.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1FE1's short term assets ($523.7M) exceed its short term liabilities ($271.0M).
Long Term Liabilities: 1FE1's short term assets ($523.7M) exceed its long term liabilities ($259.2M).
Debt to Equity History and Analysis
Debt Level: 1FE1's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: 1FE1's debt to equity ratio has reduced from 82.2% to 51.4% 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, even with free cash flow being positive and shrinking by 7.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 03:23 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Forum Energy Technologies, Inc. is covered by 34 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| J. David Anderson | Barclays |
| Chase Mulvehill | BofA Global Research |