|Bid||147.21 x 900|
|Ask||147.76 x 900|
|Day's Range||145.00 - 149.26|
|52 Week Range||91.68 - 158.21|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||473.31|
|Earnings Date||Aug 04, 2020|
|Forward Dividend & Yield||1.40 (0.94%)|
|Ex-Dividend Date||Sep 10, 2020|
|1y Target Est||157.90|
Gary Norcross, our Chairman, President and CEO will discuss our quarter operating performance and business strategy, as well as the trends we are seeing with COVID-19. Woody Woodall, our Chief Financial Officer will then review our financial results and the trends we are seeing within our segments.
Shares of Fidelity National Info Inc. (NYSE: FIS) rose by 17.13% in the past three months. Before having a look at the importance of debt, let's look at how much debt Fidelity National Info has.Fidelity National Info's Debt Based on Fidelity National Info's balance sheet as of May 7, 2020, long-term debt is at $18.98 billion and current debt is at $1.40 billion, amounting to $20.38 billion in total debt. Adjusted for $1.37 billion in cash-equivalents, the company's net debt is at $19.00 billion.To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Fidelity National Info's $82.47 billion in total assets, the debt-ratio is at 0.25. As a rule of thumb, a debt-ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry, whereas average for another.Importance of Debt Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital.However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For July 14, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fidelity National's (FIS) Q2 earnings reflect benefits from the Worldpay acquisition. Yet, a decline in organic revenues is concerning.