Fortescue Balance Sheet Health
Financial Health criteria checks 5/6
Fortescue has a total shareholder equity of $19.5B and total debt of $4.6B, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $30.1B and $10.5B respectively. Fortescue's EBIT is $8.5B making its interest coverage ratio 89.7. It has cash and short-term investments of $4.9B.
Key information
23.5%
Debt to equity ratio
US$4.59b
Debt
| Interest coverage ratio | 89.7x |
| Cash | US$4.90b |
| Equity | US$19.53b |
| Total liabilities | US$10.53b |
| Total assets | US$30.06b |
Recent financial health updates
Recent updates
Insufficient Growth At Fortescue Ltd (ASX:FMG) Hampers Share Price
Dec 11
We Think The Compensation For Fortescue Ltd's (ASX:FMG) CEO Looks About Right
Oct 30Fortescue (ASX:FMG) Reports USD 5.7B Net Profit, Declares AUD 0.89 Dividend Amid Strong Financial Health
Sep 18Are Investors Undervaluing Fortescue Ltd (ASX:FMG) By 40%?
Sep 12Fortescue Ltd's (ASX:FMG) 26% Dip In Price Shows Sentiment Is Matching Earnings
Aug 15A Look At The Fair Value Of Fortescue Ltd (ASX:FMG)
Apr 11Here's Why Fortescue (ASX:FMG) Can Manage Its Debt Responsibly
Mar 27Investors Shouldn't Overlook Fortescue's (ASX:FMG) Impressive Returns On Capital
Mar 11Analysts Have Made A Financial Statement On Fortescue Ltd's (ASX:FMG) Half-Year Report
Feb 25Fortescue Ltd's (ASX:FMG) Price Is Right But Growth Is Lacking
Dec 24Financial Position Analysis
Short Term Liabilities: FMG's short term assets ($7.2B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: FMG's short term assets ($7.2B) do not cover its long term liabilities ($7.8B).
Debt to Equity History and Analysis
Debt Level: FMG has more cash than its total debt.
Reducing Debt: FMG's debt to equity ratio has reduced from 31.9% to 23.5% over the past 5 years.
Debt Coverage: FMG's debt is well covered by operating cash flow (172.7%).
Interest Coverage: FMG's interest payments on its debt are well covered by EBIT (89.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 04:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortescue Ltd is covered by 41 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Harrowell | APP Securities Pty Ltd. |
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Ephrem Ravi | Barclays |