Future Energy Source Balance Sheet Health
Financial Health criteria checks 4/6
Future Energy Source has a total shareholder equity of JMD1.8B and total debt of JMD1.9B, which brings its debt-to-equity ratio to 106.9%. Its total assets and total liabilities are JMD4.9B and JMD3.1B respectively. Future Energy Source's EBIT is JMD735.5M making its interest coverage ratio 7.4. It has cash and short-term investments of JMD299.6M.
Key information
106.9%
Debt to equity ratio
JA$1.89b
Debt
| Interest coverage ratio | 7.4x |
| Cash | JA$299.58m |
| Equity | JA$1.77b |
| Total liabilities | JA$3.14b |
| Total assets | JA$4.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FESCO's short term assets (JMD1.8B) exceed its short term liabilities (JMD1.4B).
Long Term Liabilities: FESCO's short term assets (JMD1.8B) exceed its long term liabilities (JMD1.8B).
Debt to Equity History and Analysis
Debt Level: FESCO's net debt to equity ratio (90%) is considered high.
Reducing Debt: Insufficient data to determine if FESCO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FESCO's debt is well covered by operating cash flow (30%).
Interest Coverage: FESCO's interest payments on its debt are well covered by EBIT (7.4x coverage).