Finanza.tech Balance Sheet Health
Financial Health criteria checks 4/6
Finanza.tech has a total shareholder equity of €7.9M and total debt of €1.8M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are €14.4M and €6.6M respectively. Finanza.tech's EBIT is €385.7K making its interest coverage ratio 7.2. It has cash and short-term investments of €697.6K.
Key information
22.8%
Debt to equity ratio
€1.79m
Debt
| Interest coverage ratio | 7.2x |
| Cash | €697.58k |
| Equity | €7.87m |
| Total liabilities | €6.56m |
| Total assets | €14.44m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FTC's short term assets (€10.3M) exceed its short term liabilities (€4.8M).
Long Term Liabilities: FTC's short term assets (€10.3M) exceed its long term liabilities (€1.8M).
Debt to Equity History and Analysis
Debt Level: FTC's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FTC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FTC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FTC's interest payments on its debt are well covered by EBIT (7.2x coverage).