Flotek Industries Balance Sheet Health
Financial Health criteria checks 3/6
Flotek Industries has a total shareholder equity of $103.9M and total debt of $3.3M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are $155.9M and $52.0M respectively. Flotek Industries's EBIT is $975.0K making its interest coverage ratio 0.7. It has cash and short-term investments of $5.2M.
Key information
3.2%
Debt to equity ratio
US$3.31m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$5.22m |
| Equity | US$103.90m |
| Total liabilities | US$51.95m |
| Total assets | US$155.85m |
Recent financial health updates
Does Flotek Industries (NYSE:FTK) Have A Healthy Balance Sheet?
Dec 19
Would Flotek Industries (NYSE:FTK) Be Better Off With Less Debt?
Jul 18Is Flotek Industries (NYSE:FTK) Using Too Much Debt?
Aug 30Flotek Industries (NYSE:FTK) Is Carrying A Fair Bit Of Debt
May 18Recent updates
Shareholders 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 18This Analyst Just Wrote A Brand New Outlook For Flotek Industries, Inc.'s (NYSE:FTK) Business
Mar 15Flotek Industries: Do I Feel Lucky?
Jan 19Is Flotek Industries (NYSE:FTK) Using Too Much Debt?
Oct 10Flotek reports Q1 results
May 10Is Flotek Industries (NYSE:FTK) A Risky Investment?
Apr 30How Much Of Flotek Industries, Inc. (NYSE:FTK) Do Insiders Own?
Mar 04How Much Did Flotek Industries'(NYSE:FTK) Shareholders Earn From Share Price Movements Over The Last Five Years?
Feb 06
Financial Position Analysis
Short Term Liabilities: FTK's short term assets ($78.3M) exceed its short term liabilities ($44.8M).
Long Term Liabilities: FTK's short term assets ($78.3M) exceed its long term liabilities ($7.2M).
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 3.2% over the past 5 years.
Debt Coverage: FTK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FTK's interest payments on its debt are not well covered by EBIT (0.7x coverage).