First Gen Balance Sheet Health
Financial Health criteria checks 6/6
First Gen has a total shareholder equity of $3.3B and total debt of $1.6B, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are $6.1B and $2.8B respectively. First Gen's EBIT is $554.4M making its interest coverage ratio 9.3. It has cash and short-term investments of $1.0B.
Key information
48.2%
Debt to equity ratio
US$1.59b
Debt
Interest coverage ratio | 9.3x |
Cash | US$1.05b |
Equity | US$3.30b |
Total liabilities | US$2.83b |
Total assets | US$6.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSGC.Y's short term assets ($1.9B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: FSGC.Y's short term assets ($1.9B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: FSGC.Y's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: FSGC.Y's debt to equity ratio has reduced from 97.9% to 48.2% over the past 5 years.
Debt Coverage: FSGC.Y's debt is well covered by operating cash flow (47.3%).
Interest Coverage: FSGC.Y's interest payments on its debt are well covered by EBIT (9.3x coverage).