Forum Energy Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Forum Energy Technologies has a total shareholder equity of $443.5M and total debt of $227.8M, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are $973.7M and $530.2M respectively. Forum Energy Technologies's EBIT is $32.6M making its interest coverage ratio 1.1. It has cash and short-term investments of $33.3M.
Key information
51.4%
Debt to equity ratio
US$227.76m
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$33.31m |
| Equity | US$443.53m |
| Total liabilities | US$530.21m |
| Total assets | US$973.74m |
Recent financial health updates
Here's Why Forum Energy Technologies (NYSE:FET) Has A Meaningful Debt Burden
Jul 17
Forum Energy Technologies (NYSE:FET) Takes On Some Risk With Its Use Of Debt
Nov 07These 4 Measures Indicate That Forum Energy Technologies (NYSE:FET) Is Using Debt Extensively
Jun 24Does Forum Energy Technologies (NYSE:FET) Have A Healthy Balance Sheet?
Oct 27Recent updates
Forum Energy Technologies: A Stock Buying Back 40% Of Its Market Cap
Jan 08Here's Why Forum Energy Technologies (NYSE:FET) Has A Meaningful Debt Burden
Jul 17Forum Energy Technologies: Valuation Concerns Before The Potential Recovery
May 15Forum Energy Technologies: Recent Acquisition Can Change Its Trajectory Despite The Challenges
Dec 05Forum Energy Technologies (NYSE:FET) Takes On Some Risk With Its Use Of Debt
Nov 07Forum Energy Strives To Bounce Back From The Current Headwinds (Rating Downgrade)
Sep 21These 4 Measures Indicate That Forum Energy Technologies (NYSE:FET) Is Using Debt Extensively
Jun 24Forum Energy Shares Encouraging Scenarios
Jun 06Forum Energy Technologies' (NYSE:FET) Solid Profits Have Weak Fundamentals
Mar 02Forum Energy Non-GAAP EPS of -$0.45, revenue of $191M; issues FY23 EBITDA guidance
Feb 21Forum Energy Technologies to convert notes due 2025 into shares
Dec 29Forum Energy GAAP EPS of $1.82, revenue of $181.8M
Nov 08Does Forum Energy Technologies (NYSE:FET) Have A Healthy Balance Sheet?
Oct 27Forum Energy: Consumables Demand, Booking Growth Can Accelerate Returns
Sep 14Forum Energy reports Q2 earnings; raises FY22 guidance and issues Q3 outlook
Aug 05Forum Energy Technologies: Completions Segment Demand And International Contracts Hold It Steady
Jul 08Forum Energy Technologies: Operating Leverage
Apr 08Forum Energy Technologies: Steady Order Book Builds The Pillar
Jan 18Forum Energy Technologies Is Already On The Move
Jul 05Forum Energy EPS misses by $3.00, misses on revenue
May 06Forum Energy EPS misses by $0.01, misses on revenue
Nov 05Forum Energy announces reverse stock-split
Oct 30Financial Position Analysis
Short Term Liabilities: FET's short term assets ($523.7M) exceed its short term liabilities ($271.0M).
Long Term Liabilities: FET's short term assets ($523.7M) exceed its long term liabilities ($259.2M).
Debt to Equity History and Analysis
Debt Level: FET's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: FET's debt to equity ratio has reduced from 82.2% to 51.4% 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: Whilst unprofitable FET has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FET is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/17 22:50 |
| End of Day Share Price | 2025/01/17 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
Forum Energy Technologies, Inc. is covered by 33 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 |
|---|---|
| Daniel Leben | Baird |
| J. David Anderson | Barclays |
| Chase Mulvehill | BofA Global Research |