FTG Holdings Balance Sheet Health
Financial Health criteria checks 2/6
FTG Holdings has a total shareholder equity of KES1.3B and total debt of KES1.7B, which brings its debt-to-equity ratio to 131%. Its total assets and total liabilities are KES4.0B and KES2.7B respectively. FTG Holdings's EBIT is KES278.3M making its interest coverage ratio 0.8. It has cash and short-term investments of KES131.9M.
Key information
131.0%
Debt to equity ratio
KSh1.72b
Debt
| Interest coverage ratio | 0.8x |
| Cash | KSh131.93m |
| Equity | KSh1.31b |
| Total liabilities | KSh2.70b |
| Total assets | KSh4.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTGH's short term assets (KES2.0B) exceed its short term liabilities (KES1.9B).
Long Term Liabilities: FTGH's short term assets (KES2.0B) exceed its long term liabilities (KES810.6M).
Debt to Equity History and Analysis
Debt Level: FTGH's net debt to equity ratio (120.9%) is considered high.
Reducing Debt: FTGH's debt to equity ratio has increased from 52.1% to 131% over the past 5 years.
Debt Coverage: FTGH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FTGH's interest payments on its debt are not well covered by EBIT (0.8x coverage).