Fitell Balance Sheet Health
Financial Health criteria checks 3/6
Fitell has a total shareholder equity of $9.0M and total debt of $38.8K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $11.5M and $2.5M respectively.
Key information
0.4%
Debt to equity ratio
US$38.81k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.38m |
| Equity | US$9.01m |
| Total liabilities | US$2.47m |
| Total assets | US$11.48m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTEL's short term assets ($9.1M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: FTEL's short term assets ($9.1M) exceed its long term liabilities ($323.4K).
Debt to Equity History and Analysis
Debt Level: FTEL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FTEL'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: FTEL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FTEL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 110.7% each year