Last €2.96 EUR
Change Today -0.014 / -0.47%
Volume 0.0
FVJ On Other Exchanges
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Berlin
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As of 2:20 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for fortescue metals group ltd (FVJ)

Fortescue Metals Group Limited may have more financial risk than other companies in the Metals and Mining industry as it is one of the most highly leveraged with a Debt to Total Capital ratio of 70.58%. This ratio actually increased over the last year. However, an examination of near-term assets and liabilities shows that there are enough liquid assets to satisfy current obligations. Accounts Receivable are among the industry's worst with 9.73 days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. Last, inventory levels, relative to its Cost of Goods Sold, are typical for the industry and have shown a consistent decrease during the last 4 years. This implies that management is becoming more efficient.
Currency in
Millions of US Dollars
As of:Jun 30
2010
Restated
Jun 30
2011
Restated
Jun 30
2012
Reclassified
Jun 30
2013
4 Year
Trend
Assets    
Cash and Equivalents1,235.52,671.02,353.02,164.0
TOTAL CASH AND SHORT TERM INVESTMENTS1,235.52,671.02,353.02,164.0
Accounts Receivable102.5195.0262.0171.0
Other Receivables24.869.0140.080.0
TOTAL RECEIVABLES127.3264.0402.0251.0
Inventory188.3417.0617.0961.0
Prepaid Expenses--6.090.0108.0
Other Current Assets94.0138.0188.0178.0
TOTAL CURRENT ASSETS1,645.13,496.03,650.03,662.0
Gross Property Plant and Equipment3,565.45,320.012,016.018,321.0
Accumulated Depreciation-112.0-227.0-659.0-1,162.0
NET PROPERTY PLANT AND EQUIPMENT3,453.45,093.011,357.017,159.0
Loans Receivable, Long Term1.03.0----
Deferred Tax Assets, Long Term122.0------
Other Intangibles22.821.019.040.0
Other Long-Term Assets2.814.037.06.0
TOTAL ASSETS5,247.18,627.015,063.020,867.0
    
LIABILITIES & EQUITY    
Accounts Payable63.0238.0616.0372.0
Accrued Expenses----100.0121.0
Current Portion of Long-Term Debt/Capital Lease256.3214.0283.0205.0
Current Portion of Capital Lease Obligations12.817.027.029.0
Current Income Taxes Payable--91.0551.0--
Other Current Liabilities, Total379.5575.0566.0678.0
Unearned Revenue, Current------38.0
TOTAL CURRENT LIABILITIES698.81,118.02,116.01,414.0
Long-Term Debt2,748.54,466.07,964.011,873.0
Capital Leases--192.0254.0613.0
Minority Interest------4.0
Unearned Revenue, Non-Current----5.0331.0
Pension & Other Post-Retirement Benefits----2.06.0
Deferred Tax Liability Non-Current--100.0221.0805.0
Other Non-Current Liabilities323.1317.0739.0536.0
TOTAL LIABILITIES3,770.46,193.011,301.015,578.0
Common Stock1,274.71,295.01,293.01,291.0
Retained Earnings276.41,126.02,428.04,043.0
Comprehensive Income and Other-74.413.041.0-49.0
TOTAL COMMON EQUITY1,476.72,434.03,762.05,285.0
TOTAL EQUITY1,476.72,434.03,762.05,289.0
TOTAL LIABILITIES AND EQUITY5,247.18,627.015,063.020,867.0
 

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Industry Analysis

FVJ

Industry Average

Valuation FVJ Industry Range
Price/Earnings 4.3x
Price/Sales 1.2x
Price/Book 1.9x
Price/Cash Flow 4.2x
TEV/Sales NM Not Meaningful
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