Flag Ship Acquisition Balance Sheet Health
Financial Health criteria checks 1/6
Flag Ship Acquisition has a total shareholder equity of $68.1M and total debt of $317.6K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are $70.1M and $2.1M respectively.
Key information
0.5%
Debt to equity ratio
US$317.57k
Debt
| Interest coverage ratio | n/a |
| Cash | US$215.00 |
| Equity | US$68.06m |
| Total liabilities | US$2.05m |
| Total assets | US$70.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSHP's short term assets ($120.8K) do not cover its short term liabilities ($328.0K).
Long Term Liabilities: FSHP's short term assets ($120.8K) do not cover its long term liabilities ($1.7M).
Debt to Equity History and Analysis
Debt Level: FSHP's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FSHP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FSHP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FSHP's interest payments on its debt are well covered by EBIT.