Ionics Balance Sheet Health
Financial Health criteria checks 5/6
Ionics has a total shareholder equity of $67.9M and total debt of $22.0M, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are $128.6M and $60.7M respectively. Ionics's EBIT is $5.8M making its interest coverage ratio 3.5. It has cash and short-term investments of $11.9M.
Key information
32.4%
Debt to equity ratio
US$21.96m
Debt
Interest coverage ratio | 3.5x |
Cash | US$11.94m |
Equity | US$67.88m |
Total liabilities | US$60.69m |
Total assets | US$128.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ION's short term assets ($81.0M) exceed its short term liabilities ($48.3M).
Long Term Liabilities: ION's short term assets ($81.0M) exceed its long term liabilities ($12.4M).
Debt to Equity History and Analysis
Debt Level: ION's net debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: ION's debt to equity ratio has increased from 7.8% to 32.4% over the past 5 years.
Debt Coverage: ION's debt is well covered by operating cash flow (58.4%).
Interest Coverage: ION's interest payments on its debt are well covered by EBIT (3.5x coverage).