Filtronic Balance Sheet Health
Financial Health criteria checks 6/6
Filtronic has a total shareholder equity of £14.8M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £25.3M and £10.5M respectively. Filtronic's EBIT is £3.6M making its interest coverage ratio 23.6. It has cash and short-term investments of £7.2M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 23.6x |
| Cash | UK£7.22m |
| Equity | UK£14.82m |
| Total liabilities | UK£10.45m |
| Total assets | UK£25.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLTC.F's short term assets (£17.0M) exceed its short term liabilities (£8.2M).
Long Term Liabilities: FLTC.F's short term assets (£17.0M) exceed its long term liabilities (£2.3M).
Debt to Equity History and Analysis
Debt Level: FLTC.F is debt free.
Reducing Debt: FLTC.F has no debt compared to 5 years ago when its debt to equity ratio was 1.1%.
Debt Coverage: FLTC.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FLTC.F has no debt, therefore coverage of interest payments is not a concern.