FlexShopper Balance Sheet Health
Financial Health criteria checks 2/6
FlexShopper has a total shareholder equity of $29.2M and total debt of $114.0M, which brings its debt-to-equity ratio to 390%. Its total assets and total liabilities are $156.5M and $127.3M respectively. FlexShopper's EBIT is $16.0M making its interest coverage ratio 0.6. It has cash and short-term investments of $4.4M.
Key information
390.0%
Debt to equity ratio
US$114.00m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$4.41m |
| Equity | US$29.23m |
| Total liabilities | US$127.26m |
| Total assets | US$156.49m |
Recent financial health updates
Recent updates
FlexShopper, Inc. (NASDAQ:FPAY) Might Not Be As Mispriced As It Looks After Plunging 31%
Apr 28
Not Many Are Piling Into FlexShopper, Inc. (NASDAQ:FPAY) Stock Yet As It Plummets 36%
Jan 23Growth Investors: Industry Analysts Just Upgraded Their FlexShopper, Inc. (NASDAQ:FPAY) Revenue Forecasts By 13%
Nov 24FlexShopper, Inc. (NASDAQ:FPAY) Analysts Just Slashed Next Year's Estimates
Nov 16FlexShopper stock jumps 16% after hours on exclusive partnership with Liberty Tax
Oct 11FlexShopper Is An Interesting Business But Currently Overvalued
Sep 07FlexShopper: A Wonderful Microcap Stock To Own
Aug 27FlexShopper, Inc. (NASDAQ:FPAY) Could Be Less Than A Year Away From Profitability
May 09Are Insiders Buying FlexShopper, Inc. (NASDAQ:FPAY) Stock?
Feb 25Analysts Expect FlexShopper, Inc. (NASDAQ:FPAY) To Breakeven Soon
Jan 21If You Had Bought FlexShopper's (NASDAQ:FPAY) Shares Five Years Ago You Would Be Down 50%
Dec 17FlexShopper EPS beats by $0.01, beats on revenue
Nov 09Financial Position Analysis
Short Term Liabilities: FPAY's short term assets ($117.4M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: FPAY's short term assets ($117.4M) exceed its long term liabilities ($115.1M).
Debt to Equity History and Analysis
Debt Level: FPAY's net debt to equity ratio (374.9%) is considered high.
Reducing Debt: FPAY's debt to equity ratio has increased from 354.3% to 390% over the past 5 years.
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: Insufficient data to determine if FPAY has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FPAY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.