Ionics Balance Sheet Health
Financial Health criteria checks 5/6
Ionics has a total shareholder equity of $64.6M and total debt of $23.7M, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are $122.0M and $57.4M respectively. Ionics's EBIT is $7.3M making its interest coverage ratio 4.1. It has cash and short-term investments of $6.8M.
Key information
36.8%
Debt to equity ratio
US$23.75m
Debt
Interest coverage ratio | 4.1x |
Cash | US$6.76m |
Equity | US$64.58m |
Total liabilities | US$57.40m |
Total assets | US$121.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ION's short term assets ($70.7M) exceed its short term liabilities ($42.7M).
Long Term Liabilities: ION's short term assets ($70.7M) exceed its long term liabilities ($14.7M).
Debt to Equity History and Analysis
Debt Level: ION's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: ION's debt to equity ratio has increased from 8.2% to 36.8% over the past 5 years.
Debt Coverage: ION's debt is well covered by operating cash flow (41.1%).
Interest Coverage: ION's interest payments on its debt are well covered by EBIT (4.1x coverage).