Finetek Balance Sheet Health
Financial Health criteria checks 2/6
Finetek has a total shareholder equity of ₩33.7B and total debt of ₩29.9B, which brings its debt-to-equity ratio to 88.8%. Its total assets and total liabilities are ₩88.9B and ₩55.2B respectively. Finetek's EBIT is ₩3.1B making its interest coverage ratio 2.3. It has cash and short-term investments of ₩12.2B.
Key information
88.8%
Debt to equity ratio
₩29.89b
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₩12.18b |
| Equity | ₩33.68b |
| Total liabilities | ₩55.21b |
| Total assets | ₩88.89b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: A131760's short term assets (₩58.8B) exceed its short term liabilities (₩46.7B).
Long Term Liabilities: A131760's short term assets (₩58.8B) exceed its long term liabilities (₩8.5B).
Debt to Equity History and Analysis
Debt Level: A131760's net debt to equity ratio (52.6%) is considered high.
Reducing Debt: A131760's debt to equity ratio has increased from 46% to 88.8% over the past 5 years.
Debt Coverage: A131760's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: A131760's interest payments on its debt are not well covered by EBIT (2.3x coverage).