Fortescue Balance Sheet Health
Financial Health criteria checks 5/6
Fortescue has a total shareholder equity of $19.5B and total debt of $4.6B, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $30.1B and $10.5B respectively. Fortescue's EBIT is $8.5B making its interest coverage ratio 89.7. It has cash and short-term investments of $4.9B.
Key information
23.5%
Debt to equity ratio
US$4.59b
Debt
| Interest coverage ratio | 89.7x |
| Cash | US$4.90b |
| Equity | US$19.53b |
| Total liabilities | US$10.53b |
| Total assets | US$30.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FMG1 N's short term assets ($7.2B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: FMG1 N's short term assets ($7.2B) do not cover its long term liabilities ($7.8B).
Debt to Equity History and Analysis
Debt Level: FMG1 N has more cash than its total debt.
Reducing Debt: FMG1 N's debt to equity ratio has reduced from 31.9% to 23.5% over the past 5 years.
Debt Coverage: FMG1 N's debt is well covered by operating cash flow (172.7%).
Interest Coverage: FMG1 N's interest payments on its debt are well covered by EBIT (89.7x coverage).