First Gen Balance Sheet Health
Financial Health criteria checks 5/6
First Gen has a total shareholder equity of $3.4B and total debt of $1.9B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are $6.4B and $3.1B respectively. First Gen's EBIT is $526.4M making its interest coverage ratio 8.6. It has cash and short-term investments of $835.8M.
Key information
56.7%
Debt to equity ratio
US$1.91b
Debt
Interest coverage ratio | 8.6x |
Cash | US$835.80m |
Equity | US$3.37b |
Total liabilities | US$3.06b |
Total assets | US$6.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGEN's short term assets ($1.7B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: FGEN's short term assets ($1.7B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: FGEN's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: FGEN's debt to equity ratio has reduced from 89.9% to 56.7% over the past 5 years.
Debt Coverage: FGEN's debt is well covered by operating cash flow (31.3%).
Interest Coverage: FGEN's interest payments on its debt are well covered by EBIT (8.6x coverage).