Ignite Balance Sheet Health

Financial Health criteria checks 6/6

Ignite has a total shareholder equity of A$6.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$10.7M and A$4.0M respectively. Ignite's EBIT is A$495.0K making its interest coverage ratio 2.1. It has cash and short-term investments of A$1.8M.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ratio2.1x
CashAU$1.85m
EquityAU$6.71m
Total liabilitiesAU$4.04m
Total assetsAU$10.75m

Recent financial health updates

Recent updates

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

Feb 20
A Look At The Fair Value Of Ignite Limited (ASX:IGN)

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

Jun 20
Does Ignite (ASX:IGN) Have A Healthy Balance Sheet?

Is Ignite (ASX:IGN) A Risky Investment?

Mar 01
Is Ignite (ASX:IGN) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: IGN's short term assets (A$10.3M) exceed its short term liabilities (A$3.8M).

Long Term Liabilities: IGN's short term assets (A$10.3M) exceed its long term liabilities (A$244.0K).


Debt to Equity History and Analysis

Debt Level: IGN is debt free.

Reducing Debt: IGN has no debt compared to 5 years ago when its debt to equity ratio was 11.4%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable IGN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: IGN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.5% per year.


Discover healthy companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.