Fortescue Metals Group Balance Sheet Health
Financial Health criteria checks 5/6
Fortescue Metals Group has a total shareholder equity of $17.1B and total debt of $5.3B, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are $28.0B and $10.8B respectively. Fortescue Metals Group's EBIT is $8.5B making its interest coverage ratio 75.1. It has cash and short-term investments of $4.0B.
Key information
31.2%
Debt to equity ratio
US$5.34b
Debt
Interest coverage ratio | 75.1x |
Cash | US$4.00b |
Equity | US$17.13b |
Total liabilities | US$10.85b |
Total assets | US$27.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FMG N's short term assets ($5.9B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: FMG N's short term assets ($5.9B) do not cover its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: FMG N's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: FMG N's debt to equity ratio has reduced from 37.4% to 31.2% over the past 5 years.
Debt Coverage: FMG N's debt is well covered by operating cash flow (139.7%).
Interest Coverage: FMG N's interest payments on its debt are well covered by EBIT (75.1x coverage).