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FireAngel Safety Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
FireAngel Safety Technology Group has a total shareholder equity of £8.9M and total debt of £4.8M, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are £27.1M and £18.2M respectively.
Key information
54.3%
Debt to equity ratio
UK£4.82m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£1.70m |
| Equity | UK£8.87m |
| Total liabilities | UK£18.23m |
| Total assets | UK£27.10m |
Recent financial health updates
FireAngel Safety Technology Group (LON:FA.) Is Making Moderate Use Of Debt
Sep 28
Is FireAngel Safety Technology Group (LON:FA.) Weighed On By Its Debt Load?
Mar 31Is FireAngel Safety Technology Group (LON:FA.) Using Too Much Debt?
Nov 27Recent updates
FireAngel Safety Technology Group (LON:FA.) Is Making Moderate Use Of Debt
Sep 28Is FireAngel Safety Technology Group (LON:FA.) Weighed On By Its Debt Load?
Mar 31Is FireAngel Safety Technology Group (LON:FA.) Using Too Much Debt?
Nov 27We Think FireAngel Safety Technology Group (LON:FA.) Has A Fair Chunk Of Debt
May 03Financial Position Analysis
Short Term Liabilities: FA.'s short term assets (£16.3M) exceed its short term liabilities (£15.3M).
Long Term Liabilities: FA.'s short term assets (£16.3M) exceed its long term liabilities (£2.9M).
Debt to Equity History and Analysis
Debt Level: FA.'s net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: FA.'s debt to equity ratio has increased from 27.1% to 54.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FA. has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: FA. has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 11.7% each year.