Freelancer Balance Sheet Health
Financial Health criteria checks 3/6
Freelancer has a total shareholder equity of A$26.8M and total debt of A$121.0K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are A$88.7M and A$61.9M respectively. Freelancer's EBIT is A$61.0K making its interest coverage ratio 0. It has cash and short-term investments of A$21.2M.
Key information
0.5%
Debt to equity ratio
AU$121.00k
Debt
Interest coverage ratio | 0.04x |
Cash | AU$21.15m |
Equity | AU$26.83m |
Total liabilities | AU$61.86m |
Total assets | AU$88.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLNC.F's short term assets (A$28.2M) do not cover its short term liabilities (A$45.0M).
Long Term Liabilities: FLNC.F's short term assets (A$28.2M) exceed its long term liabilities (A$16.9M).
Debt to Equity History and Analysis
Debt Level: FLNC.F has more cash than its total debt.
Reducing Debt: FLNC.F's debt to equity ratio has increased from 0.4% to 0.5% over the past 5 years.
Debt Coverage: FLNC.F's debt is well covered by operating cash flow (1546.3%).
Interest Coverage: FLNC.F's interest payments on its debt are not well covered by EBIT (0x coverage).