First Gen Balance Sheet Health
Financial Health criteria checks 6/6
First Gen has a total shareholder equity of $2.9B and total debt of $1.7B, which brings its debt-to-equity ratio to 57.6%. Its total assets and total liabilities are $5.5B and $2.6B respectively. First Gen's EBIT is $454.0M making its interest coverage ratio 6.1. It has cash and short-term investments of $969.5M.
Key information
57.6%
Debt to equity ratio
US$1.68b
Debt
Interest coverage ratio | 6.1x |
Cash | US$969.50m |
Equity | US$2.92b |
Total liabilities | US$2.56b |
Total assets | US$5.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGENG's short term assets ($1.7B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: FGENG's short term assets ($1.7B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: FGENG's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: FGENG's debt to equity ratio has reduced from 134.7% to 57.6% over the past 5 years.
Debt Coverage: FGENG's debt is well covered by operating cash flow (40.5%).
Interest Coverage: FGENG's interest payments on its debt are well covered by EBIT (6.1x coverage).