Fortescue Balance Sheet Health
Financial Health criteria checks 5/6
Fortescue has a total shareholder equity of $19.4B and total debt of $4.6B, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $29.9B and $10.5B respectively. Fortescue's EBIT is $9.6B making its interest coverage ratio 105.4. It has cash and short-term investments of $4.7B.
Key information
23.6%
Debt to equity ratio
US$4.58b
Debt
Interest coverage ratio | 105.4x |
Cash | US$4.75b |
Equity | US$19.40b |
Total liabilities | US$10.48b |
Total assets | US$29.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSUM.F's short term assets ($7.1B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: FSUM.F's short term assets ($7.1B) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: FSUM.F has more cash than its total debt.
Reducing Debt: FSUM.F's debt to equity ratio has reduced from 33.9% to 23.6% over the past 5 years.
Debt Coverage: FSUM.F's debt is well covered by operating cash flow (188.8%).
Interest Coverage: FSUM.F's interest payments on its debt are well covered by EBIT (105.4x coverage).