IBC Advanced Alloys Balance Sheet Health
Financial Health criteria checks 2/6
IBC Advanced Alloys has a total shareholder equity of $5.3M and total debt of $13.0M, which brings its debt-to-equity ratio to 246.1%. Its total assets and total liabilities are $24.5M and $19.3M respectively. IBC Advanced Alloys's EBIT is $2.3M making its interest coverage ratio 1.1. It has cash and short-term investments of $1.4M.
Key information
246.1%
Debt to equity ratio
US$13.01m
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$1.42m |
| Equity | US$5.29m |
| Total liabilities | US$19.25m |
| Total assets | US$24.54m |
Recent financial health updates
Is IBC Advanced Alloys (CVE:IB) Using Too Much Debt?
Sep 25
Is 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 31Is IBC Advanced Alloys (CVE:IB) Using Too Much Debt?
Sep 01Recent updates
It'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 ($12.5M) do not cover its short term liabilities ($14.1M).
Long Term Liabilities: IB's short term assets ($12.5M) exceed its long term liabilities ($5.2M).
Debt to Equity History and Analysis
Debt Level: IB's net debt to equity ratio (219.3%) is considered high.
Reducing Debt: IB's debt to equity ratio has increased from 145.2% to 246.1% over the past 5 years.
Debt Coverage: IB's debt is well covered by operating cash flow (36.5%).
Interest Coverage: IB's interest payments on its debt are not well covered by EBIT (1.1x coverage).