FORIS Balance Sheet Health
Financial Health criteria checks 5/6
FORIS has a total shareholder equity of €17.2M and total debt of €4.1M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are €23.1M and €5.8M respectively. FORIS's EBIT is €2.5M making its interest coverage ratio 7.3. It has cash and short-term investments of €1.5M.
Key information
23.9%
Debt to equity ratio
€4.11m
Debt
Interest coverage ratio | 7.3x |
Cash | €1.54m |
Equity | €17.25m |
Total liabilities | €5.83m |
Total assets | €23.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0EIC's short term assets (€18.6M) exceed its short term liabilities (€5.8M).
Long Term Liabilities: 0EIC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 0EIC's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: 0EIC's debt to equity ratio has increased from 0% to 23.9% over the past 5 years.
Debt Coverage: 0EIC's debt is well covered by operating cash flow (58.6%).
Interest Coverage: 0EIC's interest payments on its debt are well covered by EBIT (7.3x coverage).