FDCTech Balance Sheet Health
Financial Health criteria checks 5/6
FDCTech has a total shareholder equity of $6.4M and total debt of $554.6K, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are $8.6M and $2.2M respectively. FDCTech's EBIT is $326.6K making its interest coverage ratio 8.2. It has cash and short-term investments of $1.2M.
Key information
8.7%
Debt to equity ratio
US$554.60k
Debt
Interest coverage ratio | 8.2x |
Cash | US$1.23m |
Equity | US$6.38m |
Total liabilities | US$2.19m |
Total assets | US$8.57m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDCT's short term assets ($3.9M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: FDCT's short term assets ($3.9M) exceed its long term liabilities ($493.9K).
Debt to Equity History and Analysis
Debt Level: FDCT has more cash than its total debt.
Reducing Debt: FDCT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: FDCT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FDCT's interest payments on its debt are well covered by EBIT (8.2x coverage).