First Pacific Balance Sheet Health
Financial Health criteria checks 2/6
First Pacific has a total shareholder equity of $11.2B and total debt of $11.6B, which brings its debt-to-equity ratio to 103.3%. Its total assets and total liabilities are $27.0B and $15.8B respectively. First Pacific's EBIT is $2.2B making its interest coverage ratio 5.1. It has cash and short-term investments of $3.7B.
Key information
103.3%
Debt to equity ratio
US$11.58b
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$3.67b |
| Equity | US$11.20b |
| Total liabilities | US$15.80b |
| Total assets | US$27.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FPAF.Y's short term assets ($6.3B) exceed its short term liabilities ($5.0B).
Long Term Liabilities: FPAF.Y's short term assets ($6.3B) do not cover its long term liabilities ($10.8B).
Debt to Equity History and Analysis
Debt Level: FPAF.Y's net debt to equity ratio (70.6%) is considered high.
Reducing Debt: FPAF.Y's debt to equity ratio has increased from 98.1% to 103.3% over the past 5 years.
Debt Coverage: FPAF.Y's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: FPAF.Y's interest payments on its debt are well covered by EBIT (5.1x coverage).