FitLife Brands Balance Sheet Health
Financial Health criteria checks 3/6
FitLife Brands has a total shareholder equity of $27.0M and total debt of $20.0M, which brings its debt-to-equity ratio to 74%. Its total assets and total liabilities are $55.3M and $28.3M respectively. FitLife Brands's EBIT is $9.5M making its interest coverage ratio 12.9. It has cash and short-term investments of $1.1M.
Key information
74.0%
Debt to equity ratio
US$20.01m
Debt
Interest coverage ratio | 12.9x |
Cash | US$1.14m |
Equity | US$27.04m |
Total liabilities | US$28.31m |
Total assets | US$55.35m |
Recent financial health updates
Recent updates
FitLife Brands, Inc.'s (NASDAQ:FTLF) 26% Price Boost Is Out Of Tune With Earnings
Apr 06FitLife Brands (NASDAQ:FTLF) Has A Pretty Healthy Balance Sheet
Mar 27Some May Be Optimistic About FitLife Brands' (NASDAQ:FTLF) Earnings
Nov 20Investors Appear Satisfied With FitLife Brands, Inc.'s (NASDAQ:FTLF) Prospects As Shares Rocket 41%
Oct 24FitLife Brands (NASDAQ:FTLF) Could Become A Multi-Bagger
Sep 28Financial Position Analysis
Short Term Liabilities: FTLF's short term assets ($14.7M) exceed its short term liabilities ($10.3M).
Long Term Liabilities: FTLF's short term assets ($14.7M) do not cover its long term liabilities ($18.0M).
Debt to Equity History and Analysis
Debt Level: FTLF's net debt to equity ratio (69.8%) is considered high.
Reducing Debt: FTLF's debt to equity ratio has increased from 21.6% to 74% over the past 5 years.
Debt Coverage: FTLF's debt is well covered by operating cash flow (21.1%).
Interest Coverage: FTLF's interest payments on its debt are well covered by EBIT (12.9x coverage).