Flotek Industries Balance Sheet Health
Financial Health criteria checks 5/6
Flotek Industries has a total shareholder equity of $109.0M and total debt of $1.5M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are $160.6M and $51.6M respectively. Flotek Industries's EBIT is $9.4M making its interest coverage ratio 8.1. It has cash and short-term investments of $5.0M.
Key information
1.4%
Debt to equity ratio
US$1.53m
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$5.00m |
| Equity | US$109.01m |
| Total liabilities | US$51.64m |
| Total assets | US$160.65m |
Recent financial health updates
Does Flotek Industries (NYSE:FTK) Have A Healthy Balance Sheet?
Sep 12
Does Flotek Industries (NYSE:FTK) Have A Healthy Balance Sheet?
Jun 01Does Flotek Industries (NYSE:FTK) Have A Healthy Balance Sheet?
Dec 19Would Flotek Industries (NYSE:FTK) Be Better Off With Less Debt?
Jul 18Is Flotek Industries (NYSE:FTK) Using Too Much Debt?
Aug 30Recent updates
Should You Think About Buying Flotek Industries, Inc. (NYSE:FTK) Now?
Nov 23After Leaping 31% Flotek Industries, Inc. (NYSE:FTK) Shares Are Not Flying Under The Radar
Nov 07Flotek Industries: Scratched And Dented, Still A Buy
Oct 23Flotek Industries, Inc.'s (NYSE:FTK) Shares Leap 26% Yet They're Still Not Telling The Full Story
Sep 20Does Flotek Industries (NYSE:FTK) Have A Healthy Balance Sheet?
Sep 12What Does Flotek Industries, Inc.'s (NYSE:FTK) Share Price Indicate?
Jul 15Further Upside For Flotek Industries, Inc. (NYSE:FTK) Shares Could Introduce Price Risks After 27% Bounce
Jun 06Does Flotek Industries (NYSE:FTK) Have A Healthy Balance Sheet?
Jun 01Shareholders In Flotek Industries (NYSE:FTK) Should Look Beyond Earnings For The Full Story
May 14Even With A 30% Surge, Cautious Investors Are Not Rewarding Flotek Industries, Inc.'s (NYSE:FTK) Performance Completely
Mar 16Is Now An Opportune Moment To Examine Flotek Industries, Inc. (NYSE:FTK)?
Mar 09Does Flotek Industries (NYSE:FTK) Have A Healthy Balance Sheet?
Dec 19Many Still Looking Away From Flotek Industries, Inc. (NYSE:FTK)
Oct 23Flotek Industries: A Turnaround Story Still At The Ground Floor Level
Jul 19Would Flotek Industries (NYSE:FTK) Be Better Off With Less Debt?
Jul 18Flotek Industries Is A Go Big Or Go Home Energy Sector Bet
Jul 11Flotek names Bond Clement CFO
Dec 19Flotek Industries: An Upgrade From The Last Report
Sep 09Is Flotek Industries (NYSE:FTK) Using Too Much Debt?
Aug 30Flotek GAAP EPS of -$0.05, revenue of $29.4M
Aug 10Flotek rises 5% as 2Q22 prelim revenue grew 3 times annually
Jul 20Flotek Industries: A Transformational Point, But Wait!
May 23Flotek Industries (NYSE:FTK) Is Carrying A Fair Bit Of Debt
May 18Financial Position Analysis
Short Term Liabilities: FTK's short term assets ($86.3M) exceed its short term liabilities ($44.7M).
Long Term Liabilities: FTK's short term assets ($86.3M) exceed its long term liabilities ($6.9M).
Debt to Equity History and Analysis
Debt Level: FTK has more cash than its total debt.
Reducing Debt: FTK's debt to equity ratio has increased from 0% to 1.4% over the past 5 years.
Debt Coverage: FTK's debt is well covered by operating cash flow (253.3%).
Interest Coverage: FTK's interest payments on its debt are well covered by EBIT (8.1x coverage).