First Pacific Balance Sheet Health
Financial Health criteria checks 2/6
First Pacific has a total shareholder equity of $10.4B and total debt of $11.3B, which brings its debt-to-equity ratio to 108.7%. Its total assets and total liabilities are $25.5B and $15.1B respectively. First Pacific's EBIT is $1.7B making its interest coverage ratio 4.3. It has cash and short-term investments of $2.7B.
Key information
108.7%
Debt to equity ratio
US$11.27b
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$2.68b |
| Equity | US$10.37b |
| Total liabilities | US$15.13b |
| Total assets | US$25.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FPAFY N's short term assets ($5.2B) exceed its short term liabilities ($4.1B).
Long Term Liabilities: FPAFY N's short term assets ($5.2B) do not cover its long term liabilities ($11.0B).
Debt to Equity History and Analysis
Debt Level: FPAFY N's net debt to equity ratio (82.8%) is considered high.
Reducing Debt: FPAFY N's debt to equity ratio has increased from 91.2% to 108.7% over the past 5 years.
Debt Coverage: FPAFY N's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: FPAFY N's interest payments on its debt are well covered by EBIT (4.3x coverage).