FleetPartners Group Balance Sheet Health
Financial Health criteria checks 2/6
FleetPartners Group has a total shareholder equity of A$635.7M and total debt of A$1.4B, which brings its debt-to-equity ratio to 217.1%. Its total assets and total liabilities are A$2.2B and A$1.6B respectively. FleetPartners Group's EBIT is A$123.8M making its interest coverage ratio 17.6. It has cash and short-term investments of A$106.7M.
Key information
217.1%
Debt to equity ratio
AU$1.38b
Debt
Interest coverage ratio | 17.6x |
Cash | AU$106.70m |
Equity | AU$635.68m |
Total liabilities | AU$1.61b |
Total assets | AU$2.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FPR's short term assets (A$736.3M) exceed its short term liabilities (A$478.1M).
Long Term Liabilities: FPR's short term assets (A$736.3M) do not cover its long term liabilities (A$1.1B).
Debt to Equity History and Analysis
Debt Level: FPR's net debt to equity ratio (200.3%) is considered high.
Reducing Debt: FPR's debt to equity ratio has increased from 210% to 217.1% over the past 5 years.
Debt Coverage: FPR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FPR's interest payments on its debt are well covered by EBIT (17.6x coverage).