FlexShopper Balance Sheet Health
Financial Health criteria checks 2/6
FlexShopper has a total shareholder equity of $29.8M and total debt of $148.2M, which brings its debt-to-equity ratio to 497.3%. Its total assets and total liabilities are $187.3M and $157.5M respectively. FlexShopper's EBIT is $22.4M making its interest coverage ratio 0.9. It has cash and short-term investments of $7.3M.
Key information
497.3%
Debt to equity ratio
US$148.24m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$7.33m |
| Equity | US$29.81m |
| Total liabilities | US$157.45m |
| Total assets | US$187.26m |
Recent financial health updates
Recent updates
Investors Still Aren't Entirely Convinced By FlexShopper, Inc.'s (NASDAQ:FPAY) Revenues Despite 26% Price Jump
Oct 15
FlexShopper, Inc. (NASDAQ:FPAY) Might Not Be As Mispriced As It Looks
Aug 17FlexShopper, Inc. (NASDAQ:FPAY) Might Not Be As Mispriced As It Looks After Plunging 31%
Apr 28Not 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 ($149.3M) exceed its short term liabilities ($18.7M).
Long Term Liabilities: FPAY's short term assets ($149.3M) exceed its long term liabilities ($138.7M).
Debt to Equity History and Analysis
Debt Level: FPAY's net debt to equity ratio (472.7%) is considered high.
Reducing Debt: FPAY's debt to equity ratio has increased from 235.4% to 497.3% 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: FPAY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FPAY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.5% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 23:10 |
| End of Day Share Price | 2025/01/02 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
FlexShopper, Inc. 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 |
|---|---|
| Scott Buck | H.C. Wainwright & Co. |
| Michael Diana | Maxim Group |