Fire & Gas Detection Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Fire & Gas Detection Technologies has a total shareholder equity of $9.4M and total debt of $5.6M, which brings its debt-to-equity ratio to 59.6%. Its total assets and total liabilities are $18.0M and $8.6M respectively.
Key information
59.6%
Debt to equity ratio
US$5.60m
Debt
Interest coverage ratio | n/a |
Cash | US$7.22m |
Equity | US$9.40m |
Total liabilities | US$8.61m |
Total assets | US$18.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGAS's short term assets ($16.1M) exceed its short term liabilities ($3.6M).
Long Term Liabilities: FGAS's short term assets ($16.1M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: FGAS has more cash than its total debt.
Reducing Debt: FGAS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: FGAS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: FGAS has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 0.1% each year.