IVE Group Balance Sheet Health
Financial Health criteria checks 1/6
IVE Group has a total shareholder equity of A$194.3M and total debt of A$199.1M, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are A$690.2M and A$495.9M respectively. IVE Group's EBIT is A$41.2M making its interest coverage ratio 2.6. It has cash and short-term investments of A$41.7M.
Key information
102.5%
Debt to equity ratio
AU$199.07m
Debt
Interest coverage ratio | 2.6x |
Cash | AU$41.66m |
Equity | AU$194.30m |
Total liabilities | AU$495.87m |
Total assets | AU$690.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGL's short term assets (A$294.9M) exceed its short term liabilities (A$189.3M).
Long Term Liabilities: IGL's short term assets (A$294.9M) do not cover its long term liabilities (A$306.6M).
Debt to Equity History and Analysis
Debt Level: IGL's net debt to equity ratio (81%) is considered high.
Reducing Debt: IGL's debt to equity ratio has increased from 73.4% to 102.5% over the past 5 years.
Debt Coverage: IGL's debt is not well covered by operating cash flow (17%).
Interest Coverage: IGL's interest payments on its debt are not well covered by EBIT (2.6x coverage).