Iofina Balance Sheet Health
Financial Health criteria checks 6/6
Iofina has a total shareholder equity of $45.5M and total debt of $4.6M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are $59.9M and $14.5M respectively. Iofina's EBIT is $4.9M making its interest coverage ratio 29.6. It has cash and short-term investments of $5.7M.
Key information
10.2%
Debt to equity ratio
US$4.64m
Debt
| Interest coverage ratio | 29.6x |
| Cash | US$5.70m |
| Equity | US$45.45m |
| Total liabilities | US$14.45m |
| Total assets | US$59.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IF7's short term assets ($28.3M) exceed its short term liabilities ($10.9M).
Long Term Liabilities: IF7's short term assets ($28.3M) exceed its long term liabilities ($3.6M).
Debt to Equity History and Analysis
Debt Level: IF7 has more cash than its total debt.
Reducing Debt: IF7's debt to equity ratio has reduced from 99.5% to 10.2% over the past 5 years.
Debt Coverage: IF7's debt is well covered by operating cash flow (182.3%).
Interest Coverage: IF7's interest payments on its debt are well covered by EBIT (29.6x coverage).