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 $229.8M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are $1.8B and $373.1M respectively. First Resources's EBIT is $198.1M making its interest coverage ratio -79.2. It has cash and short-term investments of $111.0M.
Key information
16.4%
Debt to equity ratio
US$229.79m
Debt
Interest coverage ratio | -79.2x |
Cash | US$110.97m |
Equity | US$1.40b |
Total liabilities | US$373.06m |
Total assets | US$1.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTRO.F's short term assets ($405.5M) exceed its short term liabilities ($211.9M).
Long Term Liabilities: FTRO.F's short term assets ($405.5M) exceed its long term liabilities ($161.2M).
Debt to Equity History and Analysis
Debt Level: FTRO.F's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: FTRO.F's debt to equity ratio has reduced from 38.1% to 16.4% over the past 5 years.
Debt Coverage: FTRO.F's debt is well covered by operating cash flow (137.2%).
Interest Coverage: FTRO.F earns more interest than it pays, so coverage of interest payments is not a concern.