First Capital Balance Sheet Health
Financial Health criteria checks 2/6
First Capital has a total shareholder equity of €75.8M and total debt of €24.0M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are €102.2M and €26.4M respectively. First Capital's EBIT is €2.6M making its interest coverage ratio 1.6. It has cash and short-term investments of €10.8M.
Key information
31.7%
Debt to equity ratio
€24.05m
Debt
| Interest coverage ratio | 1.6x |
| Cash | €10.81m |
| Equity | €75.79m |
| Total liabilities | €26.39m |
| Total assets | €102.18m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FIC's short term assets (€11.7M) exceed its short term liabilities (€1.8M).
Long Term Liabilities: FIC's short term assets (€11.7M) do not cover its long term liabilities (€24.6M).
Debt to Equity History and Analysis
Debt Level: FIC's net debt to equity ratio (17.5%) is considered satisfactory.
Reducing Debt: FIC's debt to equity ratio has increased from 10% to 31.7% over the past 5 years.
Debt Coverage: FIC's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: FIC's interest payments on its debt are not well covered by EBIT (1.6x coverage).