Fortescue Metals Group Financial Health

How is Fortescue Metals Group's financial position?

[object Object] Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FMG's short term assets ($6.9B) exceed its short term liabilities ($2.4B).

Long Term Liabilities: FMG's short term assets ($6.9B) do not cover its long term liabilities ($8.6B).

Debt to Equity History and Analysis

Debt Level: FMG's net debt to equity ratio (0.7%) is considered satisfactory.

Reducing Debt: FMG's debt to equity ratio has reduced from 37.5% to 30.8% over the past 5 years.

Debt Coverage: FMG's debt is well covered by operating cash flow (124.3%).

Interest Coverage: FMG's interest payments on its debt are well covered by EBIT (66.9x coverage).

Balance Sheet

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