IVE Group Balance Sheet Health
Financial Health criteria checks 4/6
IVE Group has a total shareholder equity of A$194.6M and total debt of A$173.8M, which brings its debt-to-equity ratio to 89.3%. Its total assets and total liabilities are A$664.8M and A$470.3M respectively. IVE Group's EBIT is A$59.1M making its interest coverage ratio 3.4. It has cash and short-term investments of A$48.8M.
Key information
89.3%
Debt to equity ratio
AU$173.78m
Debt
| Interest coverage ratio | 3.4x |
| Cash | AU$48.76m |
| Equity | AU$194.58m |
| Total liabilities | AU$470.25m |
| Total assets | AU$664.83m |
Recent financial health updates
Does IVE Group (ASX:IGL) Have A Healthy Balance Sheet?
Jun 23
Is IVE Group (ASX:IGL) Using Too Much Debt?
Mar 01These 4 Measures Indicate That IVE Group (ASX:IGL) Is Using Debt Reasonably Well
Apr 08Does IVE Group (ASX:IGL) Have A Healthy Balance Sheet?
Dec 21
Is IVE Group (ASX:IGL) A Risky Investment?
Sep 14Recent updates
We Think IVE Group's (ASX:IGL) Solid Earnings Are Understated
Sep 07IVE Group (ASX:IGL) Is Due To Pay A Dividend Of A$0.085
Sep 06IVE Group Limited's (ASX:IGL) Price In Tune With Earnings
Mar 15IVE Group Limited's (ASX:IGL) CEO Will Probably Have Their Compensation Approved By Shareholders
Nov 13Be Wary Of IVE Group (ASX:IGL) And Its Returns On Capital
Oct 09IVE Group (ASX:IGL) Is Increasing Its Dividend To A$0.085
Sep 12IVE Group's (ASX:IGL) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 28IVE Group (ASX:IGL) Has Announced That It Will Be Increasing Its Dividend To A$0.08
Aug 28Does IVE Group (ASX:IGL) Have A Healthy Balance Sheet?
Jun 23Is IVE Group (ASX:IGL) Using Too Much Debt?
Mar 01Is IVE Group Limited (ASX:IGL) Trading At A 32% Discount?
Oct 18We Like IVE Group's (ASX:IGL) Earnings For More Than Just Statutory Profit
Aug 31Estimating The Fair Value Of IVE Group Limited (ASX:IGL)
Jul 05These 4 Measures Indicate That IVE Group (ASX:IGL) Is Using Debt Reasonably Well
Apr 08Don't Buy IVE Group Limited (ASX:IGL) For Its Next Dividend Without Doing These Checks
Mar 04IVE Group Limited's (ASX:IGL) Intrinsic Value Is Potentially 70% Above Its Share Price
Feb 13How Much Are IVE Group Limited (ASX:IGL) Insiders Spending On Buying Shares?
Jan 17Does IVE Group (ASX:IGL) Have A Healthy Balance Sheet?
Dec 21Is IVE Group Limited's (ASX:IGL) Shareholder Ownership Skewed Towards Insiders?
Nov 30Is IVE Group (ASX:IGL) A Risky Investment?
Sep 14Have Insiders Been Buying IVE Group Limited (ASX:IGL) Shares This Year?
Aug 19IVE Group's (ASX:IGL) Shareholders Are Down 65% On Their Shares
Jul 29Is It Time To Consider Buying IVE Group Limited (ASX:IGL)?
Jul 07Financial Position Analysis
Short Term Liabilities: IGL's short term assets (A$276.6M) exceed its short term liabilities (A$200.2M).
Long Term Liabilities: IGL's short term assets (A$276.6M) exceed its long term liabilities (A$270.0M).
Debt to Equity History and Analysis
Debt Level: IGL's net debt to equity ratio (64.2%) is considered high.
Reducing Debt: IGL's debt to equity ratio has increased from 76.8% to 89.3% over the past 5 years.
Debt Coverage: IGL's debt is well covered by operating cash flow (58.7%).
Interest Coverage: IGL's interest payments on its debt are well covered by EBIT (3.4x coverage).