Forge Group Balance Sheet Health
Financial Health criteria checks 2/6
Forge Group has a total shareholder equity of $45.9M and total debt of $26.3M, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are $95.6M and $49.7M respectively. Forge Group's EBIT is $629.2K making its interest coverage ratio 0.5. It has cash and short-term investments of $7.0M.
Key information
57.4%
Debt to equity ratio
US$26.32m
Debt
Interest coverage ratio | 0.5x |
Cash | US$6.97m |
Equity | US$45.87m |
Total liabilities | US$49.68m |
Total assets | US$95.55m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: FIGP's short term assets ($16.5M) do not cover its short term liabilities ($22.4M).
Long Term Liabilities: FIGP's short term assets ($16.5M) do not cover its long term liabilities ($27.3M).
Debt to Equity History and Analysis
Debt Level: FIGP's net debt to equity ratio (42.2%) is considered high.
Reducing Debt: Insufficient data to determine if FIGP's debt to equity ratio has reduced 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 FIGP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FIGP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.8% per year.