Ithaca Energy Balance Sheet Health
Financial Health criteria checks 3/6
Ithaca Energy has a total shareholder equity of $2.5B and total debt of $819.3M, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are $6.3B and $3.9B respectively. Ithaca Energy's EBIT is $18.4M making its interest coverage ratio 0.2. It has cash and short-term investments of $287.7M.
Key information
33.3%
Debt to equity ratio
US$819.33m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$287.70m |
| Equity | US$2.46b |
| Total liabilities | US$3.87b |
| Total assets | US$6.33b |
Recent financial health updates
Is Ithaca Energy (LON:ITH) Using Too Much Debt?
Jul 15
Ithaca Energy (LON:ITH) Takes On Some Risk With Its Use Of Debt
Mar 18Recent updates
Results: Ithaca Energy plc Beat Earnings Expectations And Analysts Now Have New Forecasts
Aug 25Downgrade: Here's How Analysts See Ithaca Energy plc (LON:ITH) Performing In The Near Term
Aug 23Is Ithaca Energy (LON:ITH) Using Too Much Debt?
Jul 15Ithaca Energy plc Just Missed Earnings - But Analysts Have Updated Their Models
May 31Ithaca Energy plc (LON:ITH) Investors Are Less Pessimistic Than Expected
May 30Some 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 ($821.7M) do not cover its short term liabilities ($1.0B).
Long Term Liabilities: ITH's short term assets ($821.7M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: ITH's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: ITH's debt to equity ratio has reduced from 77.8% to 33.3% over the past 5 years.
Debt Coverage: ITH's debt is well covered by operating cash flow (141.5%).
Interest Coverage: ITH's interest payments on its debt are not well covered by EBIT (0.2x coverage).