ITT Balance Sheet Health
Financial Health criteria checks 5/6
ITT has a total shareholder equity of $2.5B and total debt of $193.4M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are $3.9B and $1.4B respectively. ITT's EBIT is $528.4M making its interest coverage ratio 50.8. It has cash and short-term investments of $489.2M.
Key information
7.6%
Debt to equity ratio
US$193.40m
Debt
Interest coverage ratio | 50.8x |
Cash | US$489.20m |
Equity | US$2.54b |
Total liabilities | US$1.39b |
Total assets | US$3.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2II's short term assets ($1.9B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: 2II's short term assets ($1.9B) exceed its long term liabilities ($355.7M).
Debt to Equity History and Analysis
Debt Level: 2II has more cash than its total debt.
Reducing Debt: 2II's debt to equity ratio has increased from 6.8% to 7.6% over the past 5 years.
Debt Coverage: 2II's debt is well covered by operating cash flow (278%).
Interest Coverage: 2II's interest payments on its debt are well covered by EBIT (50.8x coverage).