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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:00 |
| End of Day Share Price | 2024/12/16 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2024/03/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
FirstGroup plc is covered by 31 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gerald Khoo | Arbuthnot Securities Limited |
| David Fintzen | Barclays |
| Jack Cummings | Berenberg |