FirstEnergy Balance Sheet Health
Financial Health criteria checks 1/6
FirstEnergy has a total shareholder equity of $11.2B and total debt of $21.3B, which brings its debt-to-equity ratio to 189.2%. Its total assets and total liabilities are $44.9B and $33.6B respectively. FirstEnergy's EBIT is $2.1B making its interest coverage ratio 2. It has cash and short-term investments of $251.0M.
Key information
189.2%
Debt to equity ratio
US$21.26b
Debt
Interest coverage ratio | 2x |
Cash | US$251.00m |
Equity | US$11.24b |
Total liabilities | US$33.61b |
Total assets | US$44.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FE7's short term assets ($2.3B) do not cover its short term liabilities ($3.5B).
Long Term Liabilities: FE7's short term assets ($2.3B) do not cover its long term liabilities ($30.1B).
Debt to Equity History and Analysis
Debt Level: FE7's net debt to equity ratio (186.9%) is considered high.
Reducing Debt: FE7's debt to equity ratio has reduced from 354.8% to 189.2% over the past 5 years.
Debt Coverage: FE7's debt is not well covered by operating cash flow (12%).
Interest Coverage: FE7's interest payments on its debt are not well covered by EBIT (2x coverage).