Forum Energy Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Forum Energy Technologies has a total shareholder equity of $412.6M and total debt of $127.9M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are $821.1M and $408.4M respectively. Forum Energy Technologies's EBIT is $23.8M making its interest coverage ratio 1.3. It has cash and short-term investments of $46.2M.
Key information
31.0%
Debt to equity ratio
US$127.89m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$46.17m |
| Equity | US$412.63m |
| Total liabilities | US$408.43m |
| Total assets | US$821.06m |
Recent financial health updates
Forum Energy Technologies (NYSE:FET) Takes On Some Risk With Its Use Of Debt
Nov 07
These 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: 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 ($529.6M) exceed its short term liabilities ($204.3M).
Long Term Liabilities: FET's short term assets ($529.6M) exceed its long term liabilities ($204.1M).
Debt to Equity History and Analysis
Debt Level: FET's net debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: FET's debt to equity ratio has reduced from 50.4% to 31% 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, due to free cash flow being positive and growing by 3.3% per year.