Ignite Balance Sheet Health

Financial Health criteria checks 6/6

Ignite has a total shareholder equity of A$7.7M and total debt of A$2.0K, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are A$13.1M and A$5.4M respectively. Ignite's EBIT is A$1.1M making its interest coverage ratio 12.7. It has cash and short-term investments of A$4.3M.

Key information

0.03%

Debt to equity ratio

AU$2.00k

Debt

Interest coverage ratio	12.7x
Cash	AU$4.34m
Equity	AU$7.66m
Total liabilities	AU$5.41m
Total assets	AU$13.07m

Recent financial health updates

Does Ignite (ASX:IGN) Have A Healthy Balance Sheet?

Jun 20

Is Ignite (ASX:IGN) A Risky Investment?

Mar 01

Recent updates

Improved Revenues Required Before Ignite Limited (ASX:IGN) Stock's 29% Jump Looks Justified

Jul 05

Financial Position Analysis

Short Term Liabilities: IGN's short term assets (A$12.8M) exceed its short term liabilities (A$5.3M).

Long Term Liabilities: IGN's short term assets (A$12.8M) exceed its long term liabilities (A$60.0K).

Debt to Equity History and Analysis

Debt Level: IGN has more cash than its total debt.

Reducing Debt: IGN's debt to equity ratio has reduced from 65.4% to 0.03% over the past 5 years.

Debt Coverage: IGN's debt is well covered by operating cash flow (131750%).

Interest Coverage: IGN's interest payments on its debt are well covered by EBIT (12.7x coverage).

Ignite Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Does Ignite (ASX:IGN) Have A Healthy Balance Sheet?

Is Ignite (ASX:IGN) A Risky Investment?

Ignite Limited Auditor Raises 'Going Concern' Doubt

Recent updates

Ignite Limited, Annual General Meeting, Nov 19, 2024

New minor risk - Earnings quality

Ignite Limited Provides Earnings Guidance for the Year 2025

Full year 2024 earnings released: EPS: AU$0.005 (vs AU$0.012 loss in FY 2023)

Improved Revenues Required Before Ignite Limited (ASX:IGN) Stock's 29% Jump Looks Justified

There's No Escaping Ignite Limited's (ASX:IGN) Muted Revenues

IGNITE Limited Announces CFO Changes

Ignite Limited has completed a Follow-on Equity Offering in the amount of AUD 3.680246 million.

First half 2024 earnings released: EPS: AU$0.002 (vs AU$0.006 loss in 1H 2023)

A Look At The Fair Value Of Ignite Limited (ASX:IGN)

Ignite Limited, Annual General Meeting, Feb 28, 2024

New major risk - Shareholder dilution

Ignite Limited has filed a Follow-on Equity Offering in the amount of AUD 4.44 million.

Ignite Limited, Annual General Meeting, Nov 21, 2023

Full year 2023 earnings released: AU$0.012 loss per share (vs AU$0.003 loss in FY 2022)

Less than half of directors are independent

Does Ignite (ASX:IGN) Have A Healthy Balance Sheet?

Is Ignite (ASX:IGN) A Risky Investment?

First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.001 loss in 1H 2022)

Less than half of directors are independent

Ignite Limited Appoints Daniel Altiok Brown and Trevor Robertson as Directors

Ignite Limited, Annual General Meeting, Nov 22, 2022

Ignite Limited Announces Resignation of Mahendra Tharmarajah as Chief Financial Officer

Ignite Limited Announces Resignation of Mahendra Tharmarajah as Chief Financial Officer

Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.027 profit in FY 2021)

Ignite Limited Announces the Appointment of Cameron Judson as an Independent Non-Executive Director

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Insufficient new directors

Full year 2021 earnings released: EPS AU$0.027 (vs AU$0.042 loss in FY 2020)

First half 2021 earnings released: EPS AU$0.025 (vs AU$0.028 loss in 1H 2020)

Ignite Group Announces the Appointment of Tim Moran as the New CEO

Ignite Limited Announces the Retirement of Craig Saphin as Director

Ignite Limited Auditor Raises 'Going Concern' Doubt

Full year earnings released - AU$0.042 loss per share

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies