FitLife Brands Balance Sheet Health
Financial Health criteria checks 5/6
FitLife Brands has a total shareholder equity of $34.2M and total debt of $14.2M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are $58.6M and $24.4M respectively. FitLife Brands's EBIT is $12.4M making its interest coverage ratio 8.5. It has cash and short-term investments of $4.7M.
Key information
41.5%
Debt to equity ratio
US$14.16m
Debt
| Interest coverage ratio | 8.5x |
| Cash | US$4.66m |
| Equity | US$34.16m |
| Total liabilities | US$24.43m |
| Total assets | US$58.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QO8's short term assets ($18.1M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: QO8's short term assets ($18.1M) exceed its long term liabilities ($12.4M).
Debt to Equity History and Analysis
Debt Level: QO8's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: QO8's debt to equity ratio has increased from 0% to 41.5% over the past 5 years.
Debt Coverage: QO8's debt is well covered by operating cash flow (71.3%).
Interest Coverage: QO8's interest payments on its debt are well covered by EBIT (8.5x coverage).