Inventronics Balance Sheet Health
Financial Health criteria checks 4/6
Inventronics has a total shareholder equity of CA$2.5M and total debt of CA$2.5M, which brings its debt-to-equity ratio to 98.9%. Its total assets and total liabilities are CA$6.0M and CA$3.4M respectively. Inventronics's EBIT is CA$114.0K making its interest coverage ratio 1. It has cash and short-term investments of CA$888.0K.
Key information
98.9%
Debt to equity ratio
CA$2.48m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CA$888.00k |
| Equity | CA$2.51m |
| Total liabilities | CA$3.45m |
| Total assets | CA$5.96m |
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
Estimating The Intrinsic Value Of Inventronics Limited (CVE:IVX)
Sep 18We 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$2.7M) exceed its short term liabilities (CA$914.0K).
Long Term Liabilities: IVX's short term assets (CA$2.7M) exceed its long term liabilities (CA$2.5M).
Debt to Equity History and Analysis
Debt Level: IVX's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: IVX's debt to equity ratio has reduced from 310% to 98.9% over the past 5 years.
Debt Coverage: IVX's debt is well covered by operating cash flow (21.1%).
Interest Coverage: IVX's interest payments on its debt are not well covered by EBIT (1x coverage).