Formpipe Software Balance Sheet Health
Financial Health criteria checks 5/6
Formpipe Software has a total shareholder equity of SEK431.3M and total debt of SEK71.8M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are SEK768.7M and SEK337.4M respectively. Formpipe Software's EBIT is SEK42.4M making its interest coverage ratio 27.7. It has cash and short-term investments of SEK35.4M.
Key information
16.6%
Debt to equity ratio
SEK 71.80m
Debt
Interest coverage ratio | 27.7x |
Cash | SEK 35.37m |
Equity | SEK 431.28m |
Total liabilities | SEK 337.43m |
Total assets | SEK 768.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FPIPS's short term assets (SEK111.9M) do not cover its short term liabilities (SEK254.3M).
Long Term Liabilities: FPIPS's short term assets (SEK111.9M) exceed its long term liabilities (SEK83.1M).
Debt to Equity History and Analysis
Debt Level: FPIPS's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: FPIPS's debt to equity ratio has reduced from 29.7% to 16.6% over the past 5 years.
Debt Coverage: FPIPS's debt is well covered by operating cash flow (96%).
Interest Coverage: FPIPS's interest payments on its debt are well covered by EBIT (27.7x coverage).