FORTEC Elektronik Balance Sheet Health
Financial Health criteria checks 6/6
FORTEC Elektronik has a total shareholder equity of €58.3M and total debt of €1.4M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are €76.7M and €18.4M respectively. FORTEC Elektronik's EBIT is €11.2M making its interest coverage ratio 114.3. It has cash and short-term investments of €18.5M.
Key information
2.5%
Debt to equity ratio
€1.44m
Debt
Interest coverage ratio | 114.3x |
Cash | €18.54m |
Equity | €58.34m |
Total liabilities | €18.35m |
Total assets | €76.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FEV's short term assets (€60.3M) exceed its short term liabilities (€12.2M).
Long Term Liabilities: FEV's short term assets (€60.3M) exceed its long term liabilities (€6.2M).
Debt to Equity History and Analysis
Debt Level: FEV has more cash than its total debt.
Reducing Debt: FEV's debt to equity ratio has reduced from 11.3% to 2.5% over the past 5 years.
Debt Coverage: FEV's debt is well covered by operating cash flow (892%).
Interest Coverage: FEV's interest payments on its debt are well covered by EBIT (114.3x coverage).