FirstEnergy Balance Sheet Health
Financial Health criteria checks 1/6
FirstEnergy has a total shareholder equity of $13.6B and total debt of $24.5B, which brings its debt-to-equity ratio to 180.1%. Its total assets and total liabilities are $51.3B and $37.7B respectively. FirstEnergy's EBIT is $2.2B making its interest coverage ratio 2. It has cash and short-term investments of $888.0M.
Key information
180.1%
Debt to equity ratio
US$24.52b
Debt
Interest coverage ratio | 2x |
Cash | US$888.00m |
Equity | US$13.61b |
Total liabilities | US$37.69b |
Total assets | US$51.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FE7's short term assets ($4.1B) do not cover its short term liabilities ($6.3B).
Long Term Liabilities: FE7's short term assets ($4.1B) do not cover its long term liabilities ($31.4B).
Debt to Equity History and Analysis
Debt Level: FE7's net debt to equity ratio (173.6%) is considered high.
Reducing Debt: FE7's debt to equity ratio has reduced from 292.1% to 180.1% over the past 5 years.
Debt Coverage: FE7's debt is not well covered by operating cash flow (6%).
Interest Coverage: FE7's interest payments on its debt are not well covered by EBIT (2x coverage).