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
No updates
Recent updates
Financial 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).