Futuris Balance Sheet Health
Financial Health criteria checks 2/6
Futuris has a total shareholder equity of $7.3M and total debt of $16.7M, which brings its debt-to-equity ratio to 227.5%. Its total assets and total liabilities are $51.1M and $43.8M respectively. Futuris's EBIT is $3.6M making its interest coverage ratio 6. It has cash and short-term investments of $874.4K.
Key information
227.5%
Debt to equity ratio
US$16.71m
Debt
| Interest coverage ratio | 6x |
| Cash | US$874.43k |
| Equity | US$7.34m |
| Total liabilities | US$43.79m |
| Total assets | US$51.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTRS's short term assets ($10.6M) do not cover its short term liabilities ($43.8M).
Long Term Liabilities: FTRS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FTRS's net debt to equity ratio (215.6%) is considered high.
Reducing Debt: Insufficient data to determine if FTRS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FTRS's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: FTRS's interest payments on its debt are well covered by EBIT (6x coverage).