FirstGroup Balance Sheet Health
Financial Health criteria checks 4/6
FirstGroup has a total shareholder equity of £701.3M and total debt of £162.7M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are £3.5B and £2.8B respectively. FirstGroup's EBIT is £153.8M making its interest coverage ratio 2.3. It has cash and short-term investments of £436.8M.
Key information
23.2%
Debt to equity ratio
UK£162.70m
Debt
| Interest coverage ratio | 2.3x |
| Cash | UK£436.80m |
| Equity | UK£701.30m |
| Total liabilities | UK£2.84b |
| Total assets | UK£3.54b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGRO.Y's short term assets (£1.3B) do not cover its short term liabilities (£1.9B).
Long Term Liabilities: FGRO.Y's short term assets (£1.3B) exceed its long term liabilities (£964.4M).
Debt to Equity History and Analysis
Debt Level: FGRO.Y has more cash than its total debt.
Reducing Debt: FGRO.Y's debt to equity ratio has reduced from 111.7% to 23.2% over the past 5 years.
Debt Coverage: FGRO.Y's debt is well covered by operating cash flow (397%).
Interest Coverage: FGRO.Y's interest payments on its debt are not well covered by EBIT (2.3x coverage).