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Fomento Económico Mexicano, S.A.B. de C.V. Balance Sheet 2024-2011 | FMX
Brief overview of Fomento Económico Mexicano, S.A.B. de C.V.'s financial position
The review uses the five latest available annual reports between 2019 and 2024.
Assets increased from 637.5 billion MXN to 851.5 billion MXN, or +33.6%; CAGR of about 6% indicates steady balance sheet expansion.
Liability growth of +50.9% exceeded asset growth of +33.6%, increasing reliance on outside funding.
Equity finances 44.8% of the balance sheet, compared with 51.1% at the start. The cushion remains adequate.
Cash exceeds interest-bearing debt, producing net debt of -31.7 billion MXN. The balance sheet therefore carries a net cash position.
The cash share moved from 10.3% to 16.4%. A higher figure generally provides more room in an adverse scenario.
Retained earnings are 306.4 billion MXN versus 229.8 billion MXN initially. The direction shows how results contributed to equity.
What the balance sheet shows
Fomento Económico Mexicano, S.A.B. de C.V.'s balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.
Annual Balance Sheet Fomento Económico Mexicano, S.A.B. de C.V.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-31.7 B | -69 B | 9.88 B | - | 71.8 B | 52.4 B | 66.6 B | 34.4 B | 95.6 B | 62.5 B | 49 B | 49.5 B | 821 M | 3.28 B |
Long Term Debt |
94.3 B | 83.8 B | 81.2 B | - | 175 B | 102 B | 115 B | 118 B | 132 B | 86 B | 82.9 B | 72.9 B | 28.6 B | 24 B |
Long Term Debt Current |
13.8 B | 12.2 B | 12.1 B | - | 6.77 B | 7.39 B | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
267 B | 245 B | 284 B | - | 259 B | 175 B | 139 B | 147 B | 173 B | 102 B | 96.7 B | 87.8 B | 37.3 B | 45 B |
Total Liabilities |
470 B | 427 B | 461 B | - | 377 B | 312 B | 241 B | 252 B | 259 B | 167 B | 146 B | 137 B | 85.8 B | 83.6 B |
Retained Earnings |
306 B | 305 B | 251 B | - | - | 230 B | 218 B | 202 B | 169 B | 157 B | 147 B | 131 B | 129 B | 86.8 B |
Total Assets |
852 B | 806 B | 799 B | - | 685 B | 638 B | 576 B | 589 B | 546 B | 409 B | 376 B | 359 B | 296 B | 275 B |
Cash and Cash Equivalents |
140 B | 165 B | 83.4 B | - | 108 B | 65.6 B | 62 B | 96.9 B | 43.6 B | 29.4 B | - | - | - | - |
Book Value |
381 B | 378 B | 338 B | - | 307 B | 326 B | 336 B | 337 B | 286 B | 242 B | 230 B | 223 B | 210 B | 191 B |
Total Shareholders Equity |
381 B | 378 B | 338 B | - | 307 B | 326 B | 336 B | 337 B | 286 B | 242 B | - | - | - | - |
All numbers in MXN currency
Quarterly Balance Sheet Fomento Económico Mexicano, S.A.B. de C.V.
| 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
94.3 B | 83.8 B | - | - | - | - | 55 B | - | - | - | 51.5 B | - | - | - | 47.3 B | - | 45.4 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
267 B | 245 B | - | - | - | - | 266 B | - | - | - | 259 B | - | - | - | 175 B | - | 173 B | - | 139 B | - | - | - | 147 B | - | - | - | 173 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
470 B | 427 B | - | - | - | - | 402 B | - | - | - | 378 B | - | - | - | 312 B | - | 300 B | - | 241 B | - | 241 B | - | 252 B | - | - | - | 259 B | - | - | - | 167 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
306 B | 305 B | - | - | - | - | 238 B | - | - | - | 217 B | - | - | - | 230 B | - | 218 B | - | 218 B | - | - | - | 202 B | - | - | - | 169 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
852 B | 806 B | - | - | - | - | 738 B | - | - | - | 685 B | - | - | - | 638 B | - | 632 B | - | 576 B | - | 576 B | - | 589 B | - | - | - | 546 B | - | - | - | 409 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
140 B | 165 B | - | - | - | - | 97.4 B | - | - | - | 108 B | - | - | - | 65.6 B | - | 70.5 B | - | 62 B | - | 53.9 B | - | 96.9 B | - | - | - | 43.6 B | - | - | - | 29.4 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
381 B | 378 B | - | - | - | - | 335 B | - | - | - | 307 B | - | - | - | 326 B | - | 332 B | - | 336 B | - | 336 B | - | 337 B | - | - | - | 286 B | - | - | - | 242 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
381 B | 378 B | - | - | - | - | 335 B | - | - | - | 307 B | - | - | - | 326 B | - | 332 B | - | 336 B | - | 330 B | - | 337 B | - | - | - | 286 B | - | - | - | 242 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in MXN currency
Balance Sheet is a fundamental financial report of Fomento Económico Mexicano, S.A.B. de C.V., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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