Icade Balance Sheet Health
Financial Health criteria checks 3/6
Icade has a total shareholder equity of €5.1B and total debt of €5.1B, which brings its debt-to-equity ratio to 100%. Its total assets and total liabilities are €11.6B and €6.5B respectively. Icade's EBIT is €254.7M making its interest coverage ratio 3.8. It has cash and short-term investments of €1.6B.
Key information
100.0%
Debt to equity ratio
€5.07b
Debt
Interest coverage ratio | 3.8x |
Cash | €1.62b |
Equity | €5.07b |
Total liabilities | €6.53b |
Total assets | €11.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICADP's short term assets (€4.6B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: ICADP's short term assets (€4.6B) do not cover its long term liabilities (€4.7B).
Debt to Equity History and Analysis
Debt Level: ICADP's net debt to equity ratio (68%) is considered high.
Reducing Debt: ICADP's debt to equity ratio has reduced from 160.5% to 100% over the past 5 years.
Debt Coverage: ICADP's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: ICADP's interest payments on its debt are well covered by EBIT (3.8x coverage).