FGI Industries Balance Sheet Health
Financial Health criteria checks 4/6
FGI Industries has a total shareholder equity of $24.0M and total debt of $7.0M, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are $65.7M and $41.7M respectively. FGI Industries's EBIT is $2.3M making its interest coverage ratio 3.1. It has cash and short-term investments of $7.8M.
Key information
29.0%
Debt to equity ratio
US$6.96m
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$7.78m |
| Equity | US$24.03m |
| Total liabilities | US$41.72m |
| Total assets | US$65.74m |
Recent financial health updates
No updates
Recent updates
Returns On Capital Signal Tricky Times Ahead For FGI Industries (NASDAQ:FGI)
Apr 16
Should You Think About Buying FGI Industries Ltd. (NASDAQ:FGI) Now?
Mar 16FGI Industries Ltd.'s (NASDAQ:FGI) Share Price Is Matching Sentiment Around Its Revenues
Jan 25FGI Industries Ltd. (NASDAQ:FGI) Analysts Just Slashed Next Year's Revenue Estimates By 19%
Nov 19Here's What Analysts Are Forecasting For FGI Industries Ltd. (NASDAQ:FGI) Following Its Earnings Miss
Nov 18FGI Industries Non-GAAP EPS of $0.10 in-line, revenue of $47.8M beats by $2.78M
Aug 10FGI Industries' (NASDAQ:FGI) Sluggish Earnings Might Be Just The Beginning Of Its Problems
May 21Financial Position Analysis
Short Term Liabilities: FGI's short term assets ($46.1M) exceed its short term liabilities ($28.0M).
Long Term Liabilities: FGI's short term assets ($46.1M) exceed its long term liabilities ($13.7M).
Debt to Equity History and Analysis
Debt Level: FGI has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FGI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FGI's debt is not well covered by operating cash flow (20%).
Interest Coverage: FGI's interest payments on its debt are well covered by EBIT (3.1x coverage).