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 |
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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 01:35 |
| End of Day Share Price | 2024/12/30 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Innovex International, Inc. is covered by 2 analysts. 1 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 |
|---|---|
| Eddie Kim | Barclays |
| James West | Evercore ISI |