Innovex International Balance Sheet Health
Financial Health criteria checks 5/6
Innovex International has a total shareholder equity of $904.4M and total debt of $12.2M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are $1.1B and $228.4M respectively. Innovex International's EBIT is $72.9M making its interest coverage ratio 25.6. It has cash and short-term investments of $113.4M.
Key information
1.3%
Debt to equity ratio
US$12.16m
Debt
| Interest coverage ratio | 25.6x |
| Cash | US$113.37m |
| Equity | US$904.35m |
| Total liabilities | US$228.43m |
| Total assets | US$1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INVX's short term assets ($677.3M) exceed its short term liabilities ($174.8M).
Long Term Liabilities: INVX's short term assets ($677.3M) exceed its long term liabilities ($53.6M).
Debt to Equity History and Analysis
Debt Level: INVX has more cash than its total debt.
Reducing Debt: Insufficient data to determine if INVX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: INVX's debt is well covered by operating cash flow (645.2%).
Interest Coverage: INVX's interest payments on its debt are well covered by EBIT (25.6x coverage).