First Growth Funds Balance Sheet Health

Financial Health criteria checks 6/6

First Growth Funds has a total shareholder equity of A$3.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.9M and A$112.5K respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$1.62m
Equity	AU$3.80m
Total liabilities	AU$112.53k
Total assets	AU$3.91m

Recent financial health updates

No updates

Recent updates

First Growth Funds Limited's (CSE:FGFL) Share Price Boosted 50% But Its Business Prospects Need A Lift Too

Oct 07

Financial Position Analysis

Short Term Liabilities: FGFL's short term assets (A$1.7M) exceed its short term liabilities (A$112.5K).

Long Term Liabilities: FGFL has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: FGFL is debt free.

Reducing Debt: FGFL had no debt 5 years ago.

Debt Coverage: FGFL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FGFL has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

First Growth Funds Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Less than half of directors are independent

New major risk - Financial position

Less than half of directors are independent

First Growth Funds Limited, Annual General Meeting, Nov 30, 2023

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

First Growth Funds Limited (CNSX:FGFL) agreed to acquire Sienna Mining Limited.

First Growth Funds Limited Announces the Resignation of Anoosh Manzoori as Executive Chairman and Director of the Board

Insufficient new directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

First quarter 2023 earnings released: AU$0.003 loss per share (vs AU$0.044 loss in 1Q 2022)

Insufficient new directors

First Growth Funds Limited, Annual General Meeting, Nov 30, 2022

Insufficient new directors

Third quarter 2022 earnings released: AU$0.012 loss per share (vs AU$0.018 profit in 3Q 2021)

Insufficient new directors

Geoff Barnes and Anoosh Manzoori acquired a 5.3% stake in First Growth Funds Limited (CNSX:FGFL).

Insufficient new directors

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

First Growth Funds Limited Announces Management Changes

Insufficient new directors

Insufficient new directors

First quarter 2022 earnings released: AU$0.044 loss per share (vs AU$0.006 loss in 1Q 2021)

First Growth Funds Limited's (CSE:FGFL) Share Price Boosted 50% But Its Business Prospects Need A Lift Too

Full year 2021 earnings released: EPS AU$0.021 (vs AU$0.24 in FY 2020)

Second quarter 2021 earnings released: AU$0.007 loss per share (vs AU$0.12 loss in 2Q 2020)

First quarter 2021 earnings released: AU$0.006 loss per share

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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