FORTEC Elektronik Balance Sheet Health
Financial Health criteria checks 6/6
FORTEC Elektronik has a total shareholder equity of €57.8M and total debt of €1.3M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are €78.8M and €21.0M respectively. FORTEC Elektronik's EBIT is €7.0M making its interest coverage ratio -319.2. It has cash and short-term investments of €22.3M.
Key information
2.2%
Debt to equity ratio
€1.28m
Debt
| Interest coverage ratio | -319.2x |
| Cash | €22.26m |
| Equity | €57.76m |
| Total liabilities | €21.04m |
| Total assets | €78.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FEV's short term assets (€62.0M) exceed its short term liabilities (€15.3M).
Long Term Liabilities: FEV's short term assets (€62.0M) exceed its long term liabilities (€5.8M).
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 15.1% to 2.2% over the past 5 years.
Debt Coverage: FEV's debt is well covered by operating cash flow (1076.6%).
Interest Coverage: FEV earns more interest than it pays, so coverage of interest payments is not a concern.