FGI Industries Balance Sheet Health
Financial Health criteria checks 2/6
FGI Industries has a total shareholder equity of $22.9M and total debt of $12.5M, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are $74.7M and $51.8M respectively. FGI Industries's EBIT is $408.3K making its interest coverage ratio 0.4. It has cash and short-term investments of $3.0M.
Key information
54.5%
Debt to equity ratio
US$12.49m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$3.04m |
| Equity | US$22.90m |
| Total liabilities | US$51.76m |
| Total assets | US$74.66m |
Recent financial health updates
Recent updates
The Returns On Capital At FGI Industries (NASDAQ:FGI) Don't Inspire Confidence
Nov 12
Is Now An Opportune Moment To Examine FGI Industries Ltd. (NASDAQ:FGI)?
Oct 15Is FGI Industries Ltd. (NASDAQ:FGI) Trading At A 29% Discount?
Sep 17Capital Allocation Trends At FGI Industries (NASDAQ:FGI) Aren't Ideal
Aug 12Is Now The Time To Look At Buying FGI Industries Ltd. (NASDAQ:FGI)?
Jun 28Estimating The Intrinsic Value Of FGI Industries Ltd. (NASDAQ:FGI)
May 23Returns On Capital Signal Tricky Times Ahead For FGI Industries (NASDAQ:FGI)
Apr 16Should 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 ($52.4M) exceed its short term liabilities ($39.7M).
Long Term Liabilities: FGI's short term assets ($52.4M) exceed its long term liabilities ($12.1M).
Debt to Equity History and Analysis
Debt Level: FGI's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: Insufficient data to determine if FGI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FGI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FGI's interest payments on its debt are not well covered by EBIT (0.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 17:06 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
FGI Industries Ltd. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Reuben Garner | Benchmark Company |
| Gregory Gibas | Northland Capital Markets |