i(x) Net Zero Balance Sheet Health
Financial Health criteria checks 3/6
i(x) Net Zero has a total shareholder equity of $120.8M and total debt of $800.0K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $154.0M and $33.3M respectively. i(x) Net Zero's EBIT is $74.2M making its interest coverage ratio 1399.7. It has cash and short-term investments of $4.3M.
Key information
0.7%
Debt to equity ratio
US$800.00k
Debt
| Interest coverage ratio | 1399.7x |
| Cash | US$4.35m |
| Equity | US$120.77m |
| Total liabilities | US$33.27m |
| Total assets | US$154.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IX.'s short term assets ($4.5M) exceed its short term liabilities ($527.1K).
Long Term Liabilities: IX.'s short term assets ($4.5M) do not cover its long term liabilities ($32.7M).
Debt to Equity History and Analysis
Debt Level: IX. has more cash than its total debt.
Reducing Debt: Insufficient data to determine if IX.'s debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IX.'s operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IX.'s interest payments on its debt are well covered by EBIT (1399.7x coverage).