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 €1.2M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are €15.7M and €7.8M respectively. Finanza.tech's EBIT is €1.0M making its interest coverage ratio 26.1. It has cash and short-term investments of €285.7K.
Key information
14.9%
Debt to equity ratio
€1.17m
Debt
Interest coverage ratio | 26.1x |
Cash | €285.74k |
Equity | €7.87m |
Total liabilities | €7.84m |
Total assets | €15.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTC's short term assets (€10.9M) exceed its short term liabilities (€6.5M).
Long Term Liabilities: FTC's short term assets (€10.9M) exceed its long term liabilities (€1.3M).
Debt to Equity History and Analysis
Debt Level: FTC's net debt to equity ratio (11.2%) 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 (26.1x coverage).