FD Technologies Balance Sheet Health
Financial Health criteria checks 5/6
FD Technologies has a total shareholder equity of £147.0M and total debt of £35.2M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are £306.5M and £159.5M respectively. FD Technologies's EBIT is £1.4M making its interest coverage ratio 0.4. It has cash and short-term investments of £20.8M.
Key information
23.9%
Debt to equity ratio
UK£35.20m
Debt
| Interest coverage ratio | 0.4x |
| Cash | UK£20.79m |
| Equity | UK£146.98m |
| Total liabilities | UK£159.54m |
| Total assets | UK£306.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDRV.F's short term assets (£117.1M) exceed its short term liabilities (£99.4M).
Long Term Liabilities: FDRV.F's short term assets (£117.1M) exceed its long term liabilities (£60.1M).
Debt to Equity History and Analysis
Debt Level: FDRV.F's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: FDRV.F's debt to equity ratio has reduced from 24.4% to 23.9% over the past 5 years.
Debt Coverage: FDRV.F's debt is well covered by operating cash flow (50.1%).
Interest Coverage: FDRV.F's interest payments on its debt are not well covered by EBIT (0.4x coverage).