Frendy Energy Balance Sheet Health
Financial Health criteria checks 6/6
Frendy Energy has a total shareholder equity of €12.1M and total debt of €1.1M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are €14.1M and €2.1M respectively. Frendy Energy's EBIT is €153.0K making its interest coverage ratio -3.7. It has cash and short-term investments of €315.0K.
Key information
9.5%
Debt to equity ratio
€1.15m
Debt
Interest coverage ratio | -3.7x |
Cash | €315.00k |
Equity | €12.09m |
Total liabilities | €2.06m |
Total assets | €14.15m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FRE's short term assets (€6.1M) exceed its short term liabilities (€497.0K).
Long Term Liabilities: FRE's short term assets (€6.1M) exceed its long term liabilities (€1.6M).
Debt to Equity History and Analysis
Debt Level: FRE's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: FRE's debt to equity ratio has reduced from 15.2% to 9.5% over the past 5 years.
Debt Coverage: FRE's debt is well covered by operating cash flow (92.7%).
Interest Coverage: FRE earns more interest than it pays, so coverage of interest payments is not a concern.