Iridium Communications Balance Sheet Health
Financial Health criteria checks 1/6
Iridium Communications has a total shareholder equity of $853.7M and total debt of $1.6B, which brings its debt-to-equity ratio to 187.9%. Its total assets and total liabilities are $2.7B and $1.9B respectively. Iridium Communications's EBIT is $145.8M making its interest coverage ratio 1.6. It has cash and short-term investments of $174.0M.
Key information
187.9%
Debt to equity ratio
US$1.60b
Debt
Interest coverage ratio | 1.6x |
Cash | US$174.03m |
Equity | US$853.69m |
Total liabilities | US$1.88b |
Total assets | US$2.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6IC's short term assets ($376.8M) exceed its short term liabilities ($113.0M).
Long Term Liabilities: 6IC's short term assets ($376.8M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: 6IC's net debt to equity ratio (167.5%) is considered high.
Reducing Debt: 6IC's debt to equity ratio has increased from 123.7% to 187.9% over the past 5 years.
Debt Coverage: 6IC's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: 6IC's interest payments on its debt are not well covered by EBIT (1.6x coverage).