Incitec Pivot Balance Sheet Health
Financial Health criteria checks 5/6
Incitec Pivot has a total shareholder equity of A$6.4B and total debt of A$1.7B, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are A$10.5B and A$4.1B respectively. Incitec Pivot's EBIT is A$396.3M making its interest coverage ratio 2.8. It has cash and short-term investments of A$399.4M.
Key information
26.9%
Debt to equity ratio
AU$1.73b
Debt
Interest coverage ratio | 2.8x |
Cash | AU$399.40m |
Equity | AU$6.43b |
Total liabilities | AU$4.12b |
Total assets | AU$10.55b |
Recent financial health updates
Incitec Pivot (ASX:IPL) Seems To Use Debt Quite Sensibly
Jun 27Is Incitec Pivot (ASX:IPL) Using Too Much Debt?
Mar 21Is Incitec Pivot (ASX:IPL) Using Too Much Debt?
Sep 20Is Incitec Pivot (ASX:IPL) A Risky Investment?
Dec 21We Think Incitec Pivot (ASX:IPL) Is Taking Some Risk With Its Debt
Aug 01Here's Why Incitec Pivot (ASX:IPL) Can Manage Its Debt Responsibly
Mar 26Recent updates
An Intrinsic Calculation For Incitec Pivot Limited (ASX:IPL) Suggests It's 41% Undervalued
Feb 06Incitec Pivot Limited's (ASX:IPL) Earnings Haven't Escaped The Attention Of Investors
Jan 16Incitec Pivot's (ASX:IPL) Shareholders Will Receive A Smaller Dividend Than Last Year
Dec 01Incitec Pivot's (ASX:IPL) Dividend Will Be Reduced To A$0.05
Nov 17Here's Why We Think Incitec Pivot (ASX:IPL) Is Well Worth Watching
Nov 10A Look At The Intrinsic Value Of Incitec Pivot Limited (ASX:IPL)
Sep 01Incitec Pivot (ASX:IPL) Seems To Use Debt Quite Sensibly
Jun 27Incitec Pivot (ASX:IPL) Is Looking To Continue Growing Its Returns On Capital
May 18Incitec Pivot Limited's (ASX:IPL) Intrinsic Value Is Potentially 33% Above Its Share Price
May 04Is Incitec Pivot (ASX:IPL) Using Too Much Debt?
Mar 21Here's Why Incitec Pivot (ASX:IPL) Has Caught The Eye Of Investors
Feb 22Investors Will Want Incitec Pivot's (ASX:IPL) Growth In ROCE To Persist
Feb 08A Look At The Fair Value Of Incitec Pivot Limited (ASX:IPL)
Dec 14Incitec Pivot (ASX:IPL) Is Paying Out A Larger Dividend Than Last Year
Dec 01News Flash: Analysts Just Made A Substantial Upgrade To Their Incitec Pivot Limited (ASX:IPL) Forecasts
Nov 25Is It Too Late To Consider Buying Incitec Pivot Limited (ASX:IPL)?
Nov 18Incitec Pivot (ASX:IPL) Is Increasing Its Dividend To A$0.17
Nov 17Incitec Pivot's (ASX:IPL) Returns On Capital Are Heading Higher
Oct 31Is Incitec Pivot (ASX:IPL) Using Too Much Debt?
Sep 20Why Incitec Pivot Limited (ASX:IPL) Could Be Worth Watching
Aug 14We Ran A Stock Scan For Earnings Growth And Incitec Pivot (ASX:IPL) Passed With Ease
Aug 03Incitec Pivot (ASX:IPL) Is Doing The Right Things To Multiply Its Share Price
Jul 23Incitec Pivot Limited (ASX:IPL) Shares Could Be 48% Below Their Intrinsic Value Estimate
Jul 12Incitec Pivot (ASX:IPL) Is Paying Out A Larger Dividend Than Last Year
May 25The Return Trends At Incitec Pivot (ASX:IPL) Look Promising
Jan 02Is Incitec Pivot (ASX:IPL) A Risky Investment?
Dec 21Is There Now An Opportunity In Incitec Pivot Limited (ASX:IPL)?
Oct 04Is There An Opportunity With Incitec Pivot Limited's (ASX:IPL) 50% Undervaluation?
Sep 20Returns On Capital Signal Difficult Times Ahead For Incitec Pivot (ASX:IPL)
Sep 08We Think Incitec Pivot (ASX:IPL) Is Taking Some Risk With Its Debt
Aug 01Here's Why Incitec Pivot (ASX:IPL) Can Manage Its Debt Responsibly
Mar 26At AU$2.76, Is Incitec Pivot Limited (ASX:IPL) Worth Looking At Closely?
Mar 14Insider Buying: The Incitec Pivot Limited (ASX:IPL) Independent Non-Executive Director Just Bought AU$260k Worth Of Shares
Mar 02Is Incitec Pivot Limited's (ASX:IPL) Stock On A Downtrend As A Result Of Its Poor Financials?
Feb 24Should You Use Incitec Pivot's (ASX:IPL) Statutory Earnings To Analyse It?
Feb 13Have Insiders Been Buying Incitec Pivot Limited (ASX:IPL) Shares This Year?
Feb 03An Intrinsic Calculation For Incitec Pivot Limited (ASX:IPL) Suggests It's 29% Undervalued
Jan 24How Does Incitec Pivot's (ASX:IPL) CEO Pay Compare With Company Performance?
Jan 15Financial Position Analysis
Short Term Liabilities: IPL's short term assets (A$4.3B) exceed its short term liabilities (A$1.3B).
Long Term Liabilities: IPL's short term assets (A$4.3B) exceed its long term liabilities (A$2.8B).
Debt to Equity History and Analysis
Debt Level: IPL's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: IPL's debt to equity ratio has reduced from 50.1% to 26.9% over the past 5 years.
Debt Coverage: IPL's debt is well covered by operating cash flow (40.5%).
Interest Coverage: IPL's interest payments on its debt are not well covered by EBIT (2.8x coverage).