This company has been acquired
First Eagle Alternative Capital BDC Balance Sheet Health
Financial Health criteria checks 3/6
Key information
153.4%
Debt to equity ratio
US$211.60m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$7.01m |
| Equity | US$137.94m |
| Total liabilities | US$216.17m |
| Total assets | US$354.10m |
Recent financial health updates
No updates
Recent updates
Crescent Capital to acquire First Eagle Alternative Capital
Oct 04First Eagle Alternative Capital raises dividend by 10%
Aug 09First Eagle Alternative Capital BDC, Inc. 2021 Q1 - Results - Earnings Call Presentation
May 10First Eagle Alternative Capital BDC, Inc. 2020 Q3 - Results - Earnings Call Presentation
Nov 05Financial Position Analysis
Short Term Liabilities: FCRD's short term assets ($14.2M) exceed its short term liabilities ($4.0M).
Long Term Liabilities: FCRD's short term assets ($14.2M) do not cover its long term liabilities ($212.2M).
Debt to Equity History and Analysis
Debt Level: FCRD's net debt to equity ratio (148.3%) is considered high.
Reducing Debt: FCRD's debt to equity ratio has increased from 79.7% to 153.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable FCRD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FCRD is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.5% per year.