Firan Technology Group Balance Sheet Health
Financial Health criteria checks 6/6
Firan Technology Group has a total shareholder equity of CA$61.3M and total debt of CA$11.1M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are CA$123.0M and CA$61.7M respectively. Firan Technology Group's EBIT is CA$13.3M making its interest coverage ratio 7.3. It has cash and short-term investments of CA$3.9M.
Key information
18.2%
Debt to equity ratio
CA$11.13m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CA$3.89m |
| Equity | CA$61.30m |
| Total liabilities | CA$61.73m |
| Total assets | CA$123.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 22F's short term assets (CA$70.5M) exceed its short term liabilities (CA$31.3M).
Long Term Liabilities: 22F's short term assets (CA$70.5M) exceed its long term liabilities (CA$30.5M).
Debt to Equity History and Analysis
Debt Level: 22F's net debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: 22F's debt to equity ratio has reduced from 18.2% to 18.2% over the past 5 years.
Debt Coverage: 22F's debt is well covered by operating cash flow (98.6%).
Interest Coverage: 22F's interest payments on its debt are well covered by EBIT (7.3x coverage).