ITT Balance Sheet Health
Financial Health criteria checks 5/6
ITT has a total shareholder equity of $2.8B and total debt of $830.4M, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are $4.9B and $2.2B respectively. ITT's EBIT is $594.5M making its interest coverage ratio 27.5. It has cash and short-term investments of $460.9M.
Key information
30.1%
Debt to equity ratio
US$830.40m
Debt
| Interest coverage ratio | 27.5x |
| Cash | US$460.90m |
| Equity | US$2.76b |
| Total liabilities | US$2.19b |
| Total assets | US$4.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2II's short term assets ($2.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: 2II's short term assets ($2.0B) exceed its long term liabilities ($914.1M).
Debt to Equity History and Analysis
Debt Level: 2II's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 2II's debt to equity ratio has increased from 6.8% to 30.1% over the past 5 years.
Debt Coverage: 2II's debt is well covered by operating cash flow (61.3%).
Interest Coverage: 2II's interest payments on its debt are well covered by EBIT (27.5x coverage).