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 134.4%. Its total assets and total liabilities are KES3.9B and KES2.6B respectively. FTG Holdings's EBIT is KES239.7M making its interest coverage ratio 0.8. It has cash and short-term investments of KES51.7M.
Key information
134.4%
Debt to equity ratio
KSh1.73b
Debt
| Interest coverage ratio | 0.8x |
| Cash | KSh51.66m |
| Equity | KSh1.28b |
| Total liabilities | KSh2.60b |
| Total assets | KSh3.89b |
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 (KES1.8B).
Long Term Liabilities: FTGH's short term assets (KES2.0B) exceed its long term liabilities (KES753.9M).
Debt to Equity History and Analysis
Debt Level: FTGH's net debt to equity ratio (130.4%) is considered high.
Reducing Debt: FTGH's debt to equity ratio has increased from 38.4% to 134.4% 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).