Immersion Balance Sheet Health
Financial Health criteria checks 4/6
Immersion has a total shareholder equity of $425.9M and total debt of $186.6M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are $1.2B and $761.7M respectively. Immersion's EBIT is $55.6M making its interest coverage ratio -2.3. It has cash and short-term investments of $133.4M.
Key information
43.8%
Debt to equity ratio
US$186.64m
Debt
| Interest coverage ratio | -2.3x |
| Cash | US$133.40m |
| Equity | US$425.92m |
| Total liabilities | US$761.75m |
| Total assets | US$1.19b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IMV's short term assets ($678.6M) exceed its short term liabilities ($437.8M).
Long Term Liabilities: IMV's short term assets ($678.6M) exceed its long term liabilities ($323.9M).
Debt to Equity History and Analysis
Debt Level: IMV's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: IMV's debt to equity ratio has increased from 0% to 43.8% over the past 5 years.
Debt Coverage: IMV's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IMV earns more interest than it pays, so coverage of interest payments is not a concern.