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 ratio3.5x
CashUS$11.94m
EquityUS$67.88m
Total liabilitiesUS$60.69m
Total assetsUS$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).


Balance Sheet


Discover healthy companies