Fortescue Metals Group Financial Health
How is Fortescue Metals Group's financial position?
[object Object] Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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).