Forge Group Balance Sheet Health
Financial Health criteria checks 4/6
Forge Group has a total shareholder equity of $45.4M and total debt of $26.0M, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are $95.6M and $50.2M respectively. Forge Group's EBIT is $942.4K making its interest coverage ratio 0.8. It has cash and short-term investments of $9.2M.
Key information
57.2%
Debt to equity ratio
US$25.98m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$9.24m |
| Equity | US$45.39m |
| Total liabilities | US$50.24m |
| Total assets | US$95.63m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: FIGP's short term assets ($18.3M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: FIGP's short term assets ($18.3M) do not cover its long term liabilities ($38.2M).
Debt to Equity History and Analysis
Debt Level: FIGP's net debt to equity ratio (36.9%) is considered satisfactory.
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, due to free cash flow being positive and growing by 26.4% per year.