FirstGroup Balance Sheet Health
Financial Health criteria checks 5/6
FirstGroup has a total shareholder equity of £633.7M and total debt of £301.5M, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are £4.2B and £3.5B respectively. FirstGroup's EBIT is £68.3M making its interest coverage ratio 1.2. It has cash and short-term investments of £685.5M.
Key information
47.6%
Debt to equity ratio
UK£301.50m
Debt
Interest coverage ratio | 1.2x |
Cash | UK£685.50m |
Equity | UK£633.70m |
Total liabilities | UK£3.54b |
Total assets | UK£4.17b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGR's short term assets (£1.7B) do not cover its short term liabilities (£2.3B).
Long Term Liabilities: FGR's short term assets (£1.7B) exceed its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: FGR has more cash than its total debt.
Reducing Debt: FGR's debt to equity ratio has reduced from 93.4% to 47.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable FGR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FGR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3% per year.