The company's financial foundation is weakening, evidenced by a decline in total equity to $7.4M in 2025Q2 from $10.0M in 2024Q2, while goodwill remains stagnant at $1.2M.
| Total Current Assets | 5.49M | 9.05M | 6.76M | 2.93M | 3.6M | 3.25M |
| Cash & Short-Term Investments | 935.23K | 1.06M | 731.1K | 1.74M | 1.29M | 1.28M |
| Cash Only | 741.86K | 939.01K | 236.82K | 716.05K | 1.29M | 1.28M |
| Short-Term Investments | 193.37K | 124.96K | 494.27K | 1.02M | 0 | 0 |
| Accounts Receivable | 162.38K | 4.03M | 174.34K | 41.1K | 13.1K | 466K |
| Days Sales Outstanding | 73.16 | 329.48 | 13.26 | 1.84 | 0.69 | 28.44 |
| Inventory | 3.1M | 2.44M | 525.79K | 919.42K | 915.07K | 706.18K |
| Days Inventory Outstanding | 115.24 | 309.1 | 73.09 | 74.24 | 79.67 | 59.89 |
| Other Current Assets | 397.78K | 0 | 0 | 0 | 1.08M | 300.9K |
| Total Non-Current Assets | 4.42M | 2.43M | 2.28M | 2.5M | 2.71M | 2.95M |
| Property, Plant & Equipment | 421K | 584.93K | 644.54K | 891.13K | 1.12M | 1.34M |
| Fixed Asset Turnover | 14.85x | 7.64x | 7.45x | 9.15x | 6.18x | 4.45x |
| Goodwill | 1.16M | 1.16M | 1.16M | 1.16M | 1.16M | 1.16M |
| Intangible Assets | 337.5K | 337.5K | 337.5K | 337.5K | 337.5K | 337.5K |
| Long-Term Investments | 2.37M | 0 | 0 | 56 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | -56 | 42.01K | 37.92K |
| Total Assets | 9.91M | 11.48M | 9.04M | 5.43M | 6.31M | 6.2M |
| Asset Turnover | 0.83x | 0.39x | 0.53x | 1.50x | 1.10x | 0.96x |
| Asset Growth % | 143.11% | 27% | 66.39% | -13.92% | 1.77% | - |
| Total Current Liabilities | 2.35M | 2.15M | 2.13M | 2.27M | 2.81M | 2.7M |
| Accounts Payable | 866.56K | 1.21M | 1.17M | 805.03K | 1M | 1.37M |
| Days Payables Outstanding | 60.93 | 153.42 | 162.46 | 65.01 | 87.4 | 116.6 |
| Short-Term Debt | 779.26K | 0 | 0 | 103.45K | 9.54K | 176.16K |
| Deferred Revenue (Current) | 1.08M | 209.1K | 238.35K | 501.98K | 1.16M | 880.76K |
| Other Current Liabilities | -264.04K | 0 | 24.39K | 0 | 0 | 26.52K |
| Current Ratio | 2.34x | 4.22x | 3.18x | 1.29x | 1.28x | 1.20x |
| Quick Ratio | 1.02x | 3.08x | 2.93x | 0.88x | 0.95x | 0.94x |
| Cash Conversion Cycle | 127.47 | 485.16 | -76.11 | 11.08 | -7.04 | -28.27 |
| Total Non-Current Liabilities | 168.19K | 323.44K | 491.44K | 721.52K | 1.01M | 1.1M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 1.09M |
| Capital Lease Obligations | 1.35M | 301.92K | 473.01K | 716.24K | 1M | 1.09M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 22.63K | 21.52K | 18.43K | 5.28K | 9.37K | -1.08M |
| Total Liabilities | 2.51M | 2.47M | 2.62M | 2.99M | 3.82M | 3.8M |
| Total Debt | 1.2M | 580.35K | 685.08K | 1.03M | 1.22M | 1.27M |
| Net Debt | 459.18K | -358.66K | 448.26K | 310.33K | -65.44K | -12.69K |
| Debt / Equity | 0.16x | 0.06x | 0.11x | 0.42x | 0.49x | 0.53x |
| Debt / EBITDA | -0.12x | - | - | 0.66x | 1.07x | 1.51x |
| Net Debt / EBITDA | -0.05x | - | - | 0.20x | -0.06x | -0.02x |
| Interest Coverage | -9.50x | -6.44x | -3.73x | 48.59x | 39.80x | 68.30x |
| Total Equity | 7.4M | 9.01M | 6.42M | 2.44M | 2.49M | 2.4M |
| Equity Growth % | 295.4% | 40.39% | 163.27% | -2.18% | 3.77% | - |
| Book Value per Share | 5.88 | 10.28 | 9.23 | 3.51 | 3.59 | 3.45 |
| Total Shareholders' Equity | 7.4M | 9.01M | 6.42M | 2.44M | 2.49M | 2.4M |
| Common Stock | 2.01K | 2.01K | 812 | 700 | 700 | 1.5M |
| Retained Earnings | -11.67M | -9.99M | -681.65K | 911.75K | 899.14K | 768.82K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 56.65K | -13.74K | -64 | 27K | 93.95K | 133.8K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and operational insolvency
According to recent SEC filings, Fitell's total equity has declined from $10.0M in 2024Q2 to $7.4M in 2025Q2, a trend that reflects the persistent accumulation of retained losses and suggests a weakening financial foundation that may struggle to support future operational pivots or expansion efforts.
The consistent decline in retained earnings, which have plummeted to -$11.7M, indicates that the company is consuming its capital base to fund ongoing operating deficits. This trajectory suggests that the business model has yet to achieve the scale necessary to preserve shareholder value, warranting significant caution regarding long-term solvency.
As reported in financial statements, Fitell's cash position has dwindled to $741.9K as of 2025Q2, representing a sharp contraction from the $4.2M reported in 2024Q2, which indicates that the company's liquidity buffer is rapidly depleting in the face of sustained negative operating cash flows.
While the current ratio of 2.34 appears superficially adequate, the absolute level of cash relative to the company's historical burn rate suggests a precarious liquidity position. Investors should monitor whether the company will be forced to seek dilutive financing to maintain operations, as the current cash runway appears insufficient for long-term stability.
Based on Fitell's reported figures, goodwill remains stagnant at $1.2M, representing a significant portion of the $9.9M total asset base, which may indicate that the carrying value of past acquisitions is not being adjusted despite the company's ongoing operational struggles and negative earnings trajectory.
The reliance on intangible assets like goodwill in a balance sheet already strained by operating losses raises concerns about potential impairment risks. If the underlying business units fail to generate expected returns, these assets may require write-downs, further pressuring the company's already thin equity position.
Data from recent filings shows a debt-to-equity ratio of 0.16, which, while appearing conservative, likely reflects limited access to traditional credit markets rather than a strategic choice, as the company continues to struggle with significant net losses and a shrinking asset base.
The low debt load suggests that the company has not yet leveraged its balance sheet to fuel growth, potentially due to the high risk profile associated with its negative operating margins. This lack of debt capacity may limit the company's ability to finance necessary inventory or marketing initiatives during periods of cyclical downturn.
Quick answers to the most common questions about buying FTEL stock.
As of 2024, Fitell Corporation (FTEL) had total assets of $11.5M including $9.1M in current assets.
Fitell Corporation (FTEL) carries total debt of $0.6M, offset by $1.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Fitell Corporation (FTEL) has total shareholders' equity (book value) of $9.0M ($10.28 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Fitell Corporation (FTEL) reported a current ratio of 4.22x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.