Flexdeal Simfe Balance Sheet Health
Financial Health criteria checks 4/6
Flexdeal Simfe has a total shareholder equity of €20.4M and total debt of €3.2M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are €27.3M and €7.0M respectively. Flexdeal Simfe's EBIT is €970.2K making its interest coverage ratio 13.3. It has cash and short-term investments of €2.6M.
Key information
15.9%
Debt to equity ratio
€3.23m
Debt
| Interest coverage ratio | 13.3x |
| Cash | €2.61m |
| Equity | €20.36m |
| Total liabilities | €6.97m |
| Total assets | €27.32m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FLEXD's short term assets (€4.5M) exceed its short term liabilities (€3.1M).
Long Term Liabilities: FLEXD's short term assets (€4.5M) exceed its long term liabilities (€3.9M).
Debt to Equity History and Analysis
Debt Level: FLEXD's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: FLEXD's debt to equity ratio has increased from 1.3% to 15.9% over the past 5 years.
Debt Coverage: FLEXD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FLEXD's interest payments on its debt are well covered by EBIT (13.3x coverage).