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 01Recent updates
Ignite Limited's (ASX:IGN) Price Is Right But Growth Is Lacking After Shares Rocket 97%
Dec 22Improved Revenues Required Before Ignite Limited (ASX:IGN) Stock's 29% Jump Looks Justified
Jul 05There's No Escaping Ignite Limited's (ASX:IGN) Muted Revenues
May 07A Look At The Fair Value Of Ignite Limited (ASX:IGN)
Feb 20Does Ignite (ASX:IGN) Have A Healthy Balance Sheet?
Jun 20Is Ignite (ASX:IGN) A Risky Investment?
Mar 01Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 10:20 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ignite Limited is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Goodridge | ANZ Equities Pty Limited |
| Mark Topy | Canaccord Genuity (Australia) |
| Alva DeVoy | CGS International |