ICON Balance Sheet Health
Financial Health criteria checks 4/6
ICON has a total shareholder equity of $9.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are $17.2B and $7.4B respectively. ICON's EBIT is $1.1B making its interest coverage ratio 4.4. It has cash and short-term investments of $695.5M.
Key information
35.1%
Debt to equity ratio
US$3.43b
Debt
| Interest coverage ratio | 4.4x |
| Cash | US$695.51m |
| Equity | US$9.77b |
| Total liabilities | US$7.44b |
| Total assets | US$17.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IJF's short term assets ($3.8B) exceed its short term liabilities ($2.8B).
Long Term Liabilities: IJF's short term assets ($3.8B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: IJF's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: IJF's debt to equity ratio has increased from 22.7% to 35.1% over the past 5 years.
Debt Coverage: IJF's debt is well covered by operating cash flow (40.5%).
Interest Coverage: IJF's interest payments on its debt are well covered by EBIT (4.4x coverage).