Fomento Económico Mexicano. de Balance Sheet Health
Financial Health criteria checks 6/6
Fomento Económico Mexicano. de has a total shareholder equity of MX$347.4B and total debt of MX$131.4B, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are MX$797.6B and MX$450.2B respectively. Fomento Económico Mexicano. de's EBIT is MX$56.3B making its interest coverage ratio 22.2. It has cash and short-term investments of MX$179.7B.
Key information
37.8%
Debt to equity ratio
Mex$131.38b
Debt
Interest coverage ratio | 22.2x |
Cash | Mex$179.71b |
Equity | Mex$347.38b |
Total liabilities | Mex$450.18b |
Total assets | Mex$797.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOMA's short term assets (MX$347.4B) exceed its short term liabilities (MX$206.7B).
Long Term Liabilities: FOMA's short term assets (MX$347.4B) exceed its long term liabilities (MX$243.4B).
Debt to Equity History and Analysis
Debt Level: FOMA has more cash than its total debt.
Reducing Debt: FOMA's debt to equity ratio has reduced from 37.9% to 37.8% over the past 5 years.
Debt Coverage: FOMA's debt is well covered by operating cash flow (37.8%).
Interest Coverage: FOMA's interest payments on its debt are well covered by EBIT (22.2x coverage).