i3 Energy Balance Sheet Health
Financial Health criteria checks 3/6
i3 Energy has a total shareholder equity of £151.5M and total debt of £11.0M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are £279.0M and £127.5M respectively. i3 Energy's EBIT is £13.4M making its interest coverage ratio 2.5. It has cash and short-term investments of £1.0M.
Key information
7.2%
Debt to equity ratio
UK£10.96m
Debt
Interest coverage ratio | 2.5x |
Cash | UK£1.02m |
Equity | UK£151.54m |
Total liabilities | UK£127.45m |
Total assets | UK£278.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITE's short term assets (£25.1M) do not cover its short term liabilities (£34.2M).
Long Term Liabilities: ITE's short term assets (£25.1M) do not cover its long term liabilities (£93.2M).
Debt to Equity History and Analysis
Debt Level: ITE's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: ITE's debt to equity ratio has reduced from 35.9% to 7.2% over the past 5 years.
Debt Coverage: ITE's debt is well covered by operating cash flow (383.5%).
Interest Coverage: ITE's interest payments on its debt are not well covered by EBIT (2.5x coverage).