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 $819.3M, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are $6.3B and $3.9B respectively. Ithaca Energy's EBIT is $18.4M making its interest coverage ratio 0.2. It has cash and short-term investments of $287.7M.
Key information
33.3%
Debt to equity ratio
US$819.33m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$287.70m |
| Equity | US$2.46b |
| Total liabilities | US$3.87b |
| Total assets | US$6.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XE3's short term assets ($821.7M) do not cover its short term liabilities ($1.0B).
Long Term Liabilities: XE3's short term assets ($821.7M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: XE3's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: XE3's debt to equity ratio has reduced from 77.8% to 33.3% over the past 5 years.
Debt Coverage: XE3's debt is well covered by operating cash flow (141.5%).
Interest Coverage: XE3's interest payments on its debt are not well covered by EBIT (0.2x coverage).