Foraco International Balance Sheet Health
Financial Health criteria checks 5/6
Foraco International has a total shareholder equity of $88.3M and total debt of $97.5M, which brings its debt-to-equity ratio to 110.4%. Its total assets and total liabilities are $271.3M and $183.0M respectively. Foraco International's EBIT is $65.1M making its interest coverage ratio 5.2. It has cash and short-term investments of $18.3M.
Key information
110.4%
Debt to equity ratio
US$97.48m
Debt
Interest coverage ratio | 5.2x |
Cash | US$18.33m |
Equity | US$88.31m |
Total liabilities | US$182.97m |
Total assets | US$271.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRAC.F's short term assets ($142.7M) exceed its short term liabilities ($102.2M).
Long Term Liabilities: FRAC.F's short term assets ($142.7M) exceed its long term liabilities ($80.8M).
Debt to Equity History and Analysis
Debt Level: FRAC.F's net debt to equity ratio (89.6%) is considered high.
Reducing Debt: FRAC.F's debt to equity ratio has reduced from 372.6% to 110.4% over the past 5 years.
Debt Coverage: FRAC.F's debt is well covered by operating cash flow (40.6%).
Interest Coverage: FRAC.F's interest payments on its debt are well covered by EBIT (5.2x coverage).