IDEX Balance Sheet Health
Financial Health criteria checks 5/6
IDEX has a total shareholder equity of $3.6B and total debt of $1.3B, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are $5.9B and $2.3B respectively. IDEX's EBIT is $725.9M making its interest coverage ratio 15.1. It has cash and short-term investments of $620.7M.
Key information
36.6%
Debt to equity ratio
US$1.32b
Debt
Interest coverage ratio | 15.1x |
Cash | US$620.70m |
Equity | US$3.62b |
Total liabilities | US$2.27b |
Total assets | US$5.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ID7's short term assets ($1.6B) exceed its short term liabilities ($460.6M).
Long Term Liabilities: ID7's short term assets ($1.6B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: ID7's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: ID7's debt to equity ratio has reduced from 41.3% to 36.6% over the past 5 years.
Debt Coverage: ID7's debt is well covered by operating cash flow (54.8%).
Interest Coverage: ID7's interest payments on its debt are well covered by EBIT (15.1x coverage).