Finseta Balance Sheet Health
Financial Health criteria checks 5/6
Finseta has a total shareholder equity of £2.3M and total debt of £2.2M, which brings its debt-to-equity ratio to 95.5%. Its total assets and total liabilities are £6.7M and £4.5M respectively. Finseta's EBIT is £1.1M making its interest coverage ratio -4.7. It has cash and short-term investments of £2.8M.
Key information
95.5%
Debt to equity ratio
UK£2.17m
Debt
| Interest coverage ratio | -4.7x |
| Cash | UK£2.77m |
| Equity | UK£2.28m |
| Total liabilities | UK£4.46m |
| Total assets | UK£6.74m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FIN's short term assets (£3.8M) exceed its short term liabilities (£2.1M).
Long Term Liabilities: FIN's short term assets (£3.8M) exceed its long term liabilities (£2.4M).
Debt to Equity History and Analysis
Debt Level: FIN has more cash than its total debt.
Reducing Debt: FIN's debt to equity ratio has increased from 0% to 95.5% over the past 5 years.
Debt Coverage: FIN's debt is well covered by operating cash flow (120.7%).
Interest Coverage: FIN earns more interest than it pays, so coverage of interest payments is not a concern.