IBC Advanced Alloys Balance Sheet Health
Financial Health criteria checks 3/6
IBC Advanced Alloys has a total shareholder equity of $2.9M and total debt of $12.9M, which brings its debt-to-equity ratio to 443.1%. Its total assets and total liabilities are $20.7M and $17.8M respectively. IBC Advanced Alloys's EBIT is $1.2M making its interest coverage ratio 0.6. It has cash and short-term investments of $306.0K.
Key information
443.1%
Debt to equity ratio
US$12.87m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$306.00k |
| Equity | US$2.91m |
| Total liabilities | US$17.76m |
| Total assets | US$20.66m |
Recent financial health updates
We Think IBC Advanced Alloys (CVE:IB) Is Taking Some Risk With Its Debt
Feb 08
Is IBC Advanced Alloys (CVE:IB) Using Too Much Debt?
Sep 25Is IBC Advanced Alloys (CVE:IB) Using Debt In A Risky Way?
Mar 19Is IBC Advanced Alloys (CVE:IB) Using Debt In A Risky Way?
Oct 29Is IBC Advanced Alloys (CVE:IB) Using Too Much Debt?
Jul 13Auditors Have Doubts About IBC Advanced Alloys (CVE:IB)
Oct 31Recent updates
We Think IBC Advanced Alloys (CVE:IB) Is Taking Some Risk With Its Debt
Feb 08It's Down 27% But IBC Advanced Alloys Corp. (CVE:IB) Could Be Riskier Than It Looks
Oct 16Is IBC Advanced Alloys (CVE:IB) Using Too Much Debt?
Sep 25IBC Advanced Alloys Corp.'s (CVE:IB) Shares Not Telling The Full Story
Aug 01Is IBC Advanced Alloys (CVE:IB) Using Debt In A Risky Way?
Mar 19Lacklustre Performance Is Driving IBC Advanced Alloys Corp.'s (CVE:IB) 31% Price Drop
Jan 26Is IBC Advanced Alloys (CVE:IB) Using Debt In A Risky Way?
Oct 29Is IBC Advanced Alloys (CVE:IB) Using Too Much Debt?
Jul 13Auditors Have Doubts About IBC Advanced Alloys (CVE:IB)
Oct 31Is IBC Advanced Alloys (CVE:IB) Using Too Much Debt?
Sep 01IBC Advanced Alloys (CVE:IB) Shareholders Will Want The ROCE Trajectory To Continue
Jul 02These 4 Measures Indicate That IBC Advanced Alloys (CVE:IB) Is Using Debt Extensively
May 02There's Been No Shortage Of Growth Recently For IBC Advanced Alloys' (CVE:IB) Returns On Capital
Mar 10A Look At The Intrinsic Value Of IBC Advanced Alloys Corp. (CVE:IB)
May 18Is IBC Advanced Alloys (CVE:IB) Using Debt Sensibly?
Feb 21
Financial Position Analysis
Short Term Liabilities: IB's short term assets ($10.4M) do not cover its short term liabilities ($13.2M).
Long Term Liabilities: IB's short term assets ($10.4M) exceed its long term liabilities ($4.5M).
Debt to Equity History and Analysis
Debt Level: IB's net debt to equity ratio (432.6%) is considered high.
Reducing Debt: IB's debt to equity ratio has increased from 120.1% to 443.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable IB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/21 09:18 |
| End of Day Share Price | 2025/04/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IBC Advanced Alloys Corp. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siddharth Rajeev | Fundamental Research Corp. |
| Dan Trang | Stonegate Capital Markets, Inc. |