Future Energy Source Balance Sheet Health
Financial Health criteria checks 3/6
Future Energy Source has a total shareholder equity of JMD2.6B and total debt of JMD1.7B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are JMD5.2B and JMD2.7B respectively. Future Energy Source's EBIT is JMD667.6M making its interest coverage ratio 4. It has cash and short-term investments of JMD271.7M.
Key information
67.3%
Debt to equity ratio
JA$1.73b
Debt
| Interest coverage ratio | 4x |
| Cash | JA$271.70m |
| Equity | JA$2.58b |
| Total liabilities | JA$2.67b |
| Total assets | JA$5.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FESCO's short term assets (JMD1.5B) exceed its short term liabilities (JMD1.0B).
Long Term Liabilities: FESCO's short term assets (JMD1.5B) do not cover its long term liabilities (JMD1.6B).
Debt to Equity History and Analysis
Debt Level: FESCO's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: FESCO's debt to equity ratio has increased from 47.3% to 67.3% over the past 5 years.
Debt Coverage: FESCO's debt is well covered by operating cash flow (37.4%).
Interest Coverage: FESCO's interest payments on its debt are well covered by EBIT (4x coverage).