IDEX Balance Sheet Health
Financial Health criteria checks 4/6
IDEX has a total shareholder equity of $3.8B and total debt of $2.1B, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are $7.0B and $3.1B respectively. IDEX's EBIT is $698.2M making its interest coverage ratio 17.7. It has cash and short-term investments of $633.2M.
Key information
54.4%
Debt to equity ratio
US$2.08b
Debt
| Interest coverage ratio | 17.7x |
| Cash | US$633.20m |
| Equity | US$3.82b |
| Total liabilities | US$3.15b |
| Total assets | US$6.97b |
Recent financial health updates
These 4 Measures Indicate That IDEX (NYSE:IEX) Is Using Debt Reasonably Well
Nov 21
Here's Why IDEX (NYSE:IEX) Can Manage Its Debt Responsibly
Jun 15Here's Why IDEX (NYSE:IEX) Can Manage Its Debt Responsibly
Feb 05We Think IDEX (NYSE:IEX) Can Stay On Top Of Its Debt
Oct 27IDEX (NYSE:IEX) Could Easily Take On More Debt
Jul 17IDEX (NYSE:IEX) Has A Rock Solid Balance Sheet
Apr 16Recent updates
These 4 Measures Indicate That IDEX (NYSE:IEX) Is Using Debt Reasonably Well
Nov 21IDEX Corporation: A Demanding Valuation For A Great Business
Nov 06Are Investors Undervaluing IDEX Corporation (NYSE:IEX) By 31%?
Oct 25What Is IDEX Corporation's (NYSE:IEX) Share Price Doing?
Oct 10IDEX Corporation's (NYSE:IEX) Shares May Have Run Too Fast Too Soon
Sep 24IDEX Corp. Q2: Project Delay And Weakness In Life Science
Sep 02Capital Allocation Trends At IDEX (NYSE:IEX) Aren't Ideal
Aug 22IDEX Corporation (NYSE:IEX) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Aug 02Is IDEX Corporation (NYSE:IEX) Trading At A 39% Discount?
Jul 16IDEX Corp.: There Are Better Opportunities Out There
Jul 11Is Now An Opportune Moment To Examine IDEX Corporation (NYSE:IEX)?
Jul 01IDEX: Order Moderation Illuminating A Path Forward
Jun 30Here's Why IDEX (NYSE:IEX) Can Manage Its Debt Responsibly
Jun 15Ensemble Capital - IDEX Corp: A Mundane Company Ready To Fire On All Cylinders
Apr 20IDEX Corporation's (NYSE:IEX) Share Price Could Signal Some Risk
Apr 11Is There Now An Opportunity In IDEX Corporation (NYSE:IEX)?
Mar 27IDEX Corporation (NYSE:IEX) Shares Could Be 23% Below Their Intrinsic Value Estimate
Mar 12Here's Why IDEX (NYSE:IEX) Can Manage Its Debt Responsibly
Feb 05If EPS Growth Is Important To You, IDEX (NYSE:IEX) Presents An Opportunity
Jan 23IDEX Corporation: A Great Compounder For 2024
Dec 27IDEX Corporation's (NYSE:IEX) Shares May Have Run Too Fast Too Soon
Dec 27Returns On Capital At IDEX (NYSE:IEX) Have Stalled
Dec 14Is Now An Opportune Moment To Examine IDEX Corporation (NYSE:IEX)?
Nov 30IDEX Corporation: Long-Term Value Creator Is Struggling Here
Nov 21Calculating The Fair Value Of IDEX Corporation (NYSE:IEX)
Nov 17IDEX: Recovery Into FY24, Except Health & Science Technologies; Maintain 'Buy'
Nov 06Concerns Surrounding IDEX's (NYSE:IEX) Performance
Nov 02We Think IDEX (NYSE:IEX) Can Stay On Top Of Its Debt
Oct 27IDEX: Current Health And Science Segment Weakness Creates A Good Entry Point
Oct 06Should You Be Adding IDEX (NYSE:IEX) To Your Watchlist Today?
Sep 29IDEX (NYSE:IEX) Has Some Way To Go To Become A Multi-Bagger
Sep 14Is Now The Time To Look At Buying IDEX Corporation (NYSE:IEX)?
Aug 30IDEX: Slow And Steady Wins The Race
Aug 17Estimating The Fair Value Of IDEX Corporation (NYSE:IEX)
Aug 15IDEX (NYSE:IEX) Could Easily Take On More Debt
Jul 17Here's Why We Think IDEX (NYSE:IEX) Is Well Worth Watching
Jun 26IDEX Corporation: Dealmaking Machine At Work
Jun 02Should You Investigate IDEX Corporation (NYSE:IEX) At US$203?
May 28Calculating The Intrinsic Value Of IDEX Corporation (NYSE:IEX)
May 15IDEX (NYSE:IEX) Has A Rock Solid Balance Sheet
Apr 16Investors Met With Slowing Returns on Capital At IDEX (NYSE:IEX)
Apr 02If EPS Growth Is Important To You, IDEX (NYSE:IEX) Presents An Opportunity
Mar 19What Is IDEX Corporation's (NYSE:IEX) Share Price Doing?
Feb 19Calculating The Intrinsic Value Of IDEX Corporation (NYSE:IEX)
Feb 05IDEX Q4 2022 Earnings Preview
Jan 31Is IDEX (NYSE:IEX) A Risky Investment?
Jan 05Returns At IDEX (NYSE:IEX) Appear To Be Weighed Down
Dec 21IDEX Rightly Appreciated For Its Excellent Credentials And Advantageous Market Exposures
Dec 12IDEX declares $0.60 dividend
Nov 09Financial Position Analysis
Short Term Liabilities: IEX's short term assets ($1.7B) exceed its short term liabilities ($564.6M).
Long Term Liabilities: IEX's short term assets ($1.7B) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: IEX's net debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: IEX's debt to equity ratio has increased from 39.3% to 54.4% over the past 5 years.
Debt Coverage: IEX's debt is well covered by operating cash flow (33.6%).
Interest Coverage: IEX's interest payments on its debt are well covered by EBIT (17.7x coverage).