Fitell Balance Sheet Health
Financial Health criteria checks 5/6
Fitell has a total shareholder equity of $10.0M and total debt of $32.4K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $12.5M and $2.5M respectively.
Key information
0.3%
Debt to equity ratio
US$32.43k
Debt
Interest coverage ratio | n/a |
Cash | US$4.55m |
Equity | US$9.96m |
Total liabilities | US$2.50m |
Total assets | US$12.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTEL's short term assets ($9.9M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: FTEL's short term assets ($9.9M) exceed its long term liabilities ($446.3K).
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 sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FTEL is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.