Ithaca Energy Balance Sheet Health
Financial Health criteria checks 4/6
Ithaca Energy has a total shareholder equity of $2.4B and total debt of $748.2M, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are $6.2B and $3.8B respectively. Ithaca Energy's EBIT is $368.0M making its interest coverage ratio 3.4. It has cash and short-term investments of $153.2M.
Key information
30.6%
Debt to equity ratio
US$748.15m
Debt
Interest coverage ratio | 3.4x |
Cash | US$153.22m |
Equity | US$2.44b |
Total liabilities | US$3.80b |
Total assets | US$6.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITHL's short term assets ($845.6M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: ITHL's short term assets ($845.6M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: ITHL's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: ITHL's debt to equity ratio has reduced from 80.7% to 30.6% over the past 5 years.
Debt Coverage: ITHL's debt is well covered by operating cash flow (172.5%).
Interest Coverage: ITHL's interest payments on its debt are well covered by EBIT (3.4x coverage).