FTC Solar Balance Sheet Health
Financial Health criteria checks 5/6
FTC Solar has a total shareholder equity of $55.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $115.0M and $59.9M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$14.04m |
| Equity | US$55.16m |
| Total liabilities | US$59.87m |
| Total assets | US$115.03m |
Recent financial health updates
Recent updates
A Piece Of The Puzzle Missing From FTC Solar, Inc.'s (NASDAQ:FTCI) 30% Share Price Climb
May 21
FTC Solar, Inc. (NASDAQ:FTCI) Analysts Just Slashed This Year's Estimates
Mar 17FTC Solar, Inc. (NASDAQ:FTCI) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Mar 16Slammed 26% FTC Solar, Inc. (NASDAQ:FTCI) Screens Well Here But There Might Be A Catch
Feb 06Companies Like FTC Solar (NASDAQ:FTCI) Could Be Quite Risky
Jan 15FTC Solar, Inc. (NASDAQ:FTCI) Stock Catapults 82% Though Its Price And Business Still Lag The Industry
Dec 18Revenue Downgrade: Here's What Analysts Forecast For FTC Solar, Inc. (NASDAQ:FTCI)
Nov 09Bearish: Analysts Just Cut Their FTC Solar, Inc. (NASDAQ:FTCI) Revenue and EPS estimates
Aug 11Investors Appear Satisfied With FTC Solar, Inc.'s (NASDAQ:FTCI) Prospects As Shares Rocket 34%
Apr 17FTC Solar, Inc. (NASDAQ:FTCI) Analysts Just Trimmed Their Revenue Forecasts By 10%
Mar 16Analyst Forecasts Just Got A Lot More Bearish On FTC Solar, Inc. (NASDAQ:FTCI)
Nov 12FTC Solar gains on announcing agreement with Primoris
Sep 15Analysts Have Just Cut Their FTC Solar, Inc. (NASDAQ:FTCI) Revenue Estimates By 14%
Aug 11FTC Solar Non-GAAP EPS of -$0.18 misses by $0.02, revenue of $30.72M misses by $1.72M
Aug 09Financial Position Analysis
Short Term Liabilities: FTCI's short term assets ($100.2M) exceed its short term liabilities ($54.5M).
Long Term Liabilities: FTCI's short term assets ($100.2M) exceed its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: FTCI is debt free.
Reducing Debt: FTCI had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FTCI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FTCI has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 11.8% each year.