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 $754.8M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are $6.4B and $3.9B respectively. Ithaca Energy's EBIT is $210.3M making its interest coverage ratio 2.1. It has cash and short-term investments of $285.2M.
Key information
29.6%
Debt to equity ratio
US$754.77m
Debt
Interest coverage ratio | 2.1x |
Cash | US$285.25m |
Equity | US$2.55b |
Total liabilities | US$3.89b |
Total assets | US$6.44b |
Recent financial health updates
Is Ithaca Energy (LON:ITH) Using Too Much Debt?
Jul 15Ithaca Energy (LON:ITH) Takes On Some Risk With Its Use Of Debt
Mar 18Recent updates
Is 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 ($938.0M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: ITH's short term assets ($938.0M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: ITH's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: ITH's debt to equity ratio has reduced from 80.7% to 29.6% over the past 5 years.
Debt Coverage: ITH's debt is well covered by operating cash flow (166%).
Interest Coverage: ITH's interest payments on its debt are not well covered by EBIT (2.1x coverage).