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
Recent updates
Some Investors May Be Willing To Look Past Ithaca Energy's (LON:ITH) Soft Earnings
Apr 04The Ithaca Energy plc (LON:ITH) Analysts Have Been Trimming Their Sales Forecasts
Mar 29Ithaca Energy (LON:ITH) Takes On Some Risk With Its Use Of Debt
Mar 18Is Ithaca Energy plc (LON:ITH) Trading At A 25% Discount?
Feb 20Shareholders Would Enjoy A Repeat Of Ithaca Energy's (LON:ITH) Recent Growth In Returns
Jan 30There's Reason For Concern Over Ithaca Energy plc's (LON:ITH) Price
Jan 05Is There An Opportunity With Ithaca Energy plc's (LON:ITH) 49% Undervaluation?
Oct 31Getting In Cheap On Ithaca Energy plc (LON:ITH) Might Be Difficult
Sep 20Is There An Opportunity With Ithaca Energy plc's (LON:ITH) 42% Undervaluation?
Jun 08Ithaca Energy's (LON:ITH) Earnings Are Weaker Than They Seem
May 01Ithaca Energy plc Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next
Apr 02Is There An Opportunity With Ithaca Energy plc's (LON:ITH) 34% Undervaluation?
Feb 11Financial Position Analysis
Short Term Liabilities: ITH's short term assets ($845.6M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: ITH's short term assets ($845.6M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: ITH's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: ITH's debt to equity ratio has reduced from 80.7% to 30.6% over the past 5 years.
Debt Coverage: ITH's debt is well covered by operating cash flow (172.5%).
Interest Coverage: ITH's interest payments on its debt are well covered by EBIT (3.4x coverage).