Foraco International Balance Sheet Health
Financial Health criteria checks 5/6
Foraco International has a total shareholder equity of $94.1M and total debt of $95.2M, which brings its debt-to-equity ratio to 101.2%. Its total assets and total liabilities are $264.1M and $170.0M respectively. Foraco International's EBIT is $47.8M making its interest coverage ratio 5.1. It has cash and short-term investments of $22.5M.
Key information
101.2%
Debt to equity ratio
US$95.20m
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$22.48m |
| Equity | US$94.11m |
| Total liabilities | US$170.03m |
| Total assets | US$264.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3F3's short term assets ($133.2M) exceed its short term liabilities ($92.9M).
Long Term Liabilities: 3F3's short term assets ($133.2M) exceed its long term liabilities ($77.1M).
Debt to Equity History and Analysis
Debt Level: 3F3's net debt to equity ratio (77.3%) is considered high.
Reducing Debt: 3F3's debt to equity ratio has reduced from 380.5% to 101.2% over the past 5 years.
Debt Coverage: 3F3's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 3F3's interest payments on its debt are well covered by EBIT (5.1x coverage).