Flexdeal Simfe Balance Sheet Health
Financial Health criteria checks 4/6
Flexdeal Simfe has a total shareholder equity of €20.0M and total debt of €1.2M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are €22.7M and €2.7M respectively. Flexdeal Simfe's EBIT is €953.8K making its interest coverage ratio 57. It has cash and short-term investments of €832.6K.
Key information
5.9%
Debt to equity ratio
€1.17m
Debt
| Interest coverage ratio | 57x |
| Cash | €832.62k |
| Equity | €19.99m |
| Total liabilities | €2.68m |
| Total assets | €22.67m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FLEXD's short term assets (€2.1M) exceed its short term liabilities (€883.4K).
Long Term Liabilities: FLEXD's short term assets (€2.1M) exceed its long term liabilities (€1.8M).
Debt to Equity History and Analysis
Debt Level: FLEXD's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: FLEXD's debt to equity ratio has increased from 3.8% to 5.9% 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 (57x coverage).