First Resources Balance Sheet Health
Financial Health criteria checks 6/6
First Resources has a total shareholder equity of $1.4B and total debt of $205.9M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are $1.8B and $402.7M respectively. First Resources's EBIT is $245.2M making its interest coverage ratio 119.1. It has cash and short-term investments of $102.9M.
Key information
15.2%
Debt to equity ratio
US$205.86m
Debt
| Interest coverage ratio | 119.1x |
| Cash | US$102.88m |
| Equity | US$1.36b |
| Total liabilities | US$402.72m |
| Total assets | US$1.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSRC.Y's short term assets ($409.0M) exceed its short term liabilities ($222.1M).
Long Term Liabilities: FSRC.Y's short term assets ($409.0M) exceed its long term liabilities ($180.6M).
Debt to Equity History and Analysis
Debt Level: FSRC.Y's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: FSRC.Y's debt to equity ratio has reduced from 39.2% to 15.2% over the past 5 years.
Debt Coverage: FSRC.Y's debt is well covered by operating cash flow (145.7%).
Interest Coverage: FSRC.Y's interest payments on its debt are well covered by EBIT (119.1x coverage).