ITT Balance Sheet Health
Financial Health criteria checks 5/6
ITT has a total shareholder equity of $2.1B and total debt of $549.6M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are $3.7B and $1.6B respectively. ITT's EBIT is $433.0M making its interest coverage ratio 180.4. It has cash and short-term investments of $514.5M.
Key information
26.6%
Debt to equity ratio
US$549.60m
Debt
Interest coverage ratio | 180.4x |
Cash | US$514.50m |
Equity | US$2.07b |
Total liabilities | US$1.62b |
Total assets | US$3.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2II's short term assets ($1.8B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: 2II's short term assets ($1.8B) exceed its long term liabilities ($355.6M).
Debt to Equity History and Analysis
Debt Level: 2II's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 2II's debt to equity ratio has increased from 11.5% to 26.6% over the past 5 years.
Debt Coverage: 2II's debt is well covered by operating cash flow (42.7%).
Interest Coverage: 2II's interest payments on its debt are well covered by EBIT (180.4x coverage).