Forian Balance Sheet Health
Financial Health criteria checks 3/6
Forian has a total shareholder equity of $26.5M and total debt of $24.0M, which brings its debt-to-equity ratio to 90.3%. Its total assets and total liabilities are $57.5M and $31.0M respectively.
Key information
90.3%
Debt to equity ratio
US$23.98m
Debt
Interest coverage ratio | n/a |
Cash | US$47.43m |
Equity | US$26.54m |
Total liabilities | US$30.95m |
Total assets | US$57.50m |
Recent financial health updates
Recent updates
Forian (NASDAQ:FORA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Apr 05Unpleasant Surprises Could Be In Store For Forian Inc.'s (NASDAQ:FORA) Shares
Apr 03Is Forian (NASDAQ:FORA) Using Too Much Debt?
Feb 27Investors Give Forian Inc. (NASDAQ:FORA) Shares A 28% Hiding
May 05Forian to become a part of Russell 3000® Index
Jun 07Financial Position Analysis
Short Term Liabilities: FORA's short term assets ($56.0M) exceed its short term liabilities ($6.5M).
Long Term Liabilities: FORA's short term assets ($56.0M) exceed its long term liabilities ($24.5M).
Debt to Equity History and Analysis
Debt Level: FORA has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FORA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FORA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FORA's interest payments on its debt are well covered by EBIT.