Inventronics Balance Sheet Health
Financial Health criteria checks 5/6
Inventronics has a total shareholder equity of CA$2.8M and total debt of CA$2.6M, which brings its debt-to-equity ratio to 92.8%. Its total assets and total liabilities are CA$6.1M and CA$3.3M respectively. Inventronics's EBIT is CA$664.0K making its interest coverage ratio 5.7. It has cash and short-term investments of CA$933.0K.
Key information
92.8%
Debt to equity ratio
CA$2.61m
Debt
| Interest coverage ratio | 5.7x |
| Cash | CA$933.00k |
| Equity | CA$2.81m |
| Total liabilities | CA$3.28m |
| Total assets | CA$6.10m |
Recent financial health updates
We Think Inventronics (CVE:IVX) Is Taking Some Risk With Its Debt
Apr 14
We Think Inventronics (CVE:IVX) Can Manage Its Debt With Ease
Jul 22These 4 Measures Indicate That Inventronics (CVE:IVX) Is Using Debt Safely
Apr 05These 4 Measures Indicate That Inventronics (CVE:IVX) Is Using Debt Safely
Oct 05Inventronics (CVE:IVX) Has A Pretty Healthy Balance Sheet
Jun 22Inventronics (CVE:IVX) Has A Rock Solid Balance Sheet
Mar 03Recent updates
We Think Inventronics (CVE:IVX) Is Taking Some Risk With Its Debt
Apr 14Investors Holding Back On Inventronics Limited (CVE:IVX)
Jan 04Calculating The Intrinsic Value Of Inventronics Limited (CVE:IVX)
Nov 17We Think Inventronics (CVE:IVX) Can Manage Its Debt With Ease
Jul 22These 4 Measures Indicate That Inventronics (CVE:IVX) Is Using Debt Safely
Apr 05We Discuss Whether Inventronics Limited's (CVE:IVX) CEO Is Due For A Pay Rise
Nov 03Is Now The Time To Put Inventronics (CVE:IVX) On Your Watchlist?
Oct 26These 4 Measures Indicate That Inventronics (CVE:IVX) Is Using Debt Safely
Oct 05We Ran A Stock Scan For Earnings Growth And Inventronics (CVE:IVX) Passed With Ease
Jul 28Inventronics (CVE:IVX) Has A Pretty Healthy Balance Sheet
Jun 22Inventronics (CVE:IVX) Has A Rock Solid Balance Sheet
Mar 03Should You Be Adding Inventronics (CVE:IVX) To Your Watchlist Today?
Jan 24These 4 Measures Indicate That Inventronics (CVE:IVX) Is Using Debt Safely
Dec 01Inventronics' (CVE:IVX) Earnings Are Of Questionable Quality
Oct 28Do Inventronics's (CVE:IVX) Earnings Warrant Your Attention?
Oct 14This Is The Reason Why We Think Inventronics Limited's (CVE:IVX) CEO Deserves A Bump Up To Their Compensation
Aug 12Does Inventronics (CVE:IVX) Deserve A Spot On Your Watchlist?
Jul 14Is Inventronics Limited's (CVE:IVX) 41% ROE Better Than Average?
Mar 01Is Inventronics Limited's (CVE:IVX) 41% ROE Better Than Average?
Dec 01
Financial Position Analysis
Short Term Liabilities: IVX's short term assets (CA$2.9M) exceed its short term liabilities (CA$607.0K).
Long Term Liabilities: IVX's short term assets (CA$2.9M) exceed its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: IVX's net debt to equity ratio (59.6%) is considered high.
Reducing Debt: IVX's debt to equity ratio has reduced from 541.5% to 92.8% over the past 5 years.
Debt Coverage: IVX's debt is well covered by operating cash flow (60%).
Interest Coverage: IVX's interest payments on its debt are well covered by EBIT (5.7x coverage).