First Gen Balance Sheet Health
Financial Health criteria checks 5/6
First Gen has a total shareholder equity of $3.5B and total debt of $1.8B, which brings its debt-to-equity ratio to 52.8%. Its total assets and total liabilities are $6.6B and $3.1B respectively. First Gen's EBIT is $467.6M making its interest coverage ratio 6.2. It has cash and short-term investments of $712.9M.
Key information
52.8%
Debt to equity ratio
US$1.84b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$712.94m |
| Equity | US$3.49b |
| Total liabilities | US$3.09b |
| Total assets | US$6.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGEN's short term assets ($1.6B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: FGEN's short term assets ($1.6B) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: FGEN's net debt to equity ratio (32.4%) is considered satisfactory.
Reducing Debt: FGEN's debt to equity ratio has reduced from 80.1% to 52.8% over the past 5 years.
Debt Coverage: FGEN's debt is well covered by operating cash flow (42.3%).
Interest Coverage: FGEN's interest payments on its debt are well covered by EBIT (6.2x coverage).