First Pacific Balance Sheet Health
Financial Health criteria checks 2/6
First Pacific has a total shareholder equity of $11.6B and total debt of $11.7B, which brings its debt-to-equity ratio to 100.8%. Its total assets and total liabilities are $27.4B and $15.8B respectively. First Pacific's EBIT is $2.0B making its interest coverage ratio 4.6. It has cash and short-term investments of $3.4B.
Key information
100.8%
Debt to equity ratio
US$11.66b
Debt
Interest coverage ratio | 4.6x |
Cash | US$3.37b |
Equity | US$11.57b |
Total liabilities | US$15.79b |
Total assets | US$27.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FPAF.Y's short term assets ($6.1B) exceed its short term liabilities ($4.6B).
Long Term Liabilities: FPAF.Y's short term assets ($6.1B) do not cover its long term liabilities ($11.2B).
Debt to Equity History and Analysis
Debt Level: FPAF.Y's net debt to equity ratio (71.6%) is considered high.
Reducing Debt: FPAF.Y's debt to equity ratio has increased from 97.8% to 100.8% over the past 5 years.
Debt Coverage: FPAF.Y's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: FPAF.Y's interest payments on its debt are well covered by EBIT (4.6x coverage).