International Game Technology Balance Sheet Health
Financial Health criteria checks 2/6
International Game Technology has a total shareholder equity of $1.8B and total debt of $5.7B, which brings its debt-to-equity ratio to 317.6%. Its total assets and total liabilities are $10.4B and $8.6B respectively. International Game Technology's EBIT is $1.1B making its interest coverage ratio 3.5. It has cash and short-term investments of $572.0M.
Key information
317.6%
Debt to equity ratio
US$5.68b
Debt
Interest coverage ratio | 3.5x |
Cash | US$572.00m |
Equity | US$1.79b |
Total liabilities | US$8.63b |
Total assets | US$10.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7IG's short term assets ($2.0B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: 7IG's short term assets ($2.0B) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: 7IG's net debt to equity ratio (285.6%) is considered high.
Reducing Debt: 7IG's debt to equity ratio has increased from 291.1% to 317.6% over the past 5 years.
Debt Coverage: 7IG's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 7IG's interest payments on its debt are well covered by EBIT (3.5x coverage).