Ithaca Energy Balance Sheet Health
Financial Health criteria checks 3/6
Ithaca Energy has a total shareholder equity of $2.5B and total debt of $754.8M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are $6.4B and $3.9B respectively. Ithaca Energy's EBIT is $210.3M making its interest coverage ratio 2.1. It has cash and short-term investments of $285.2M.
Key information
29.6%
Debt to equity ratio
US$754.77m
Debt
Interest coverage ratio | 2.1x |
Cash | US$285.25m |
Equity | US$2.55b |
Total liabilities | US$3.89b |
Total assets | US$6.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XE3's short term assets ($938.0M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: XE3's short term assets ($938.0M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: XE3's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: XE3's debt to equity ratio has reduced from 80.7% to 29.6% over the past 5 years.
Debt Coverage: XE3's debt is well covered by operating cash flow (166%).
Interest Coverage: XE3's interest payments on its debt are not well covered by EBIT (2.1x coverage).