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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 09:19 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ionics, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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