International Game Technology Balance Sheet Health
Financial Health criteria checks 5/6
International Game Technology has a total shareholder equity of $1.9B and total debt of $5.7B, which brings its debt-to-equity ratio to 298.7%. Its total assets and total liabilities are $10.3B and $8.4B respectively. International Game Technology's EBIT is $1.0B making its interest coverage ratio 3.4. It has cash and short-term investments of $501.0M.
Key information
298.7%
Debt to equity ratio
US$5.66b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$501.00m |
| Equity | US$1.89b |
| Total liabilities | US$8.36b |
| Total assets | US$10.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7IG's short term assets ($6.1B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: 7IG's short term assets ($6.1B) exceed its long term liabilities ($5.8B).
Debt to Equity History and Analysis
Debt Level: 7IG's net debt to equity ratio (272.2%) is considered high.
Reducing Debt: 7IG's debt to equity ratio has reduced from 302.5% to 298.7% over the past 5 years.
Debt Coverage: 7IG's debt is well covered by operating cash flow (20.3%).
Interest Coverage: 7IG's interest payments on its debt are well covered by EBIT (3.4x coverage).