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
No updates
Recent updates
Financial 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).