FONAR Balance Sheet Health
Financial Health criteria checks 6/6
FONAR has a total shareholder equity of $156.3M and total debt of $137.0K, which brings its debt-to-equity ratio to 0.09%. Its total assets and total liabilities are $202.3M and $46.0M respectively. FONAR's EBIT is $18.1M making its interest coverage ratio -10.2. It has cash and short-term investments of $53.3M.
Key information
0.09%
Debt to equity ratio
US$137.00k
Debt
Interest coverage ratio | -10.2x |
Cash | US$53.26m |
Equity | US$156.30m |
Total liabilities | US$45.97m |
Total assets | US$202.26m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOAA's short term assets ($132.5M) exceed its short term liabilities ($14.2M).
Long Term Liabilities: FOAA's short term assets ($132.5M) exceed its long term liabilities ($31.8M).
Debt to Equity History and Analysis
Debt Level: FOAA has more cash than its total debt.
Reducing Debt: FOAA's debt to equity ratio has reduced from 0.3% to 0.09% over the past 5 years.
Debt Coverage: FOAA's debt is well covered by operating cash flow (11163.6%).
Interest Coverage: FOAA earns more interest than it pays, so coverage of interest payments is not a concern.