Innovex International Balance Sheet Health
Financial Health criteria checks 5/6
Innovex International has a total shareholder equity of $328.9M and total debt of $40.2M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are $475.3M and $146.4M respectively. Innovex International's EBIT is $98.5M making its interest coverage ratio 17.9. It has cash and short-term investments of $16.9M.
Key information
12.2%
Debt to equity ratio
US$40.25m
Debt
| Interest coverage ratio | 17.9x |
| Cash | US$16.93m |
| Equity | US$328.92m |
| Total liabilities | US$146.38m |
| Total assets | US$475.30m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: DQU0's short term assets ($288.3M) exceed its short term liabilities ($78.6M).
Long Term Liabilities: DQU0's short term assets ($288.3M) exceed its long term liabilities ($67.8M).
Debt to Equity History and Analysis
Debt Level: DQU0's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DQU0's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DQU0's debt is well covered by operating cash flow (188.5%).
Interest Coverage: DQU0's interest payments on its debt are well covered by EBIT (17.9x coverage).