ION Geophysical Balance Sheet Health
Financial Health criteria checks 0/6
ION Geophysical has a total shareholder equity of $-65.2M and total debt of $133.8M, which brings its debt-to-equity ratio to -205.4%. Its total assets and total liabilities are $190.9M and $256.1M respectively.
Key information
-205.4%
Debt to equity ratio
US$133.83m
Debt
| Interest coverage ratio | n/a |
| Cash | US$24.14m |
| Equity | -US$65.16m |
| Total liabilities | US$256.07m |
| Total assets | US$190.91m |
Recent financial health updates
Recent updates
ION Geophysical Corporation Files For Bankruptcy Protection - Sell
Apr 18ION Geophysical Corporation: Stock Craters After Reports Of Upcoming Chapter 11 Filing
Jan 28ION Geophysical Corporation: Pre-Packaged Bankruptcy Likely After Missed Debt Payments
Dec 20ION Geophysical Corporation - Review Of Strategic Alternatives Is A Cause For Concern
Sep 23ION Geophysical: New Opportunities Emerge Despite The Balance Sheet Risks
Aug 18Analysts Have Just Cut Their ION Geophysical Corporation (NYSE:IO) Revenue Estimates By 12%
Aug 14
ION Geophysical Corporation 2021 Q1 - Results - Earnings Call Presentation
May 06Have Insiders Been Buying ION Geophysical Corporation (NYSE:IO) Shares?
Jan 11ION Geophysical +17% on initial Gemini deployment
Jan 04Financial Position Analysis
Short Term Liabilities: IOGP.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IOGP.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: IOGP.Q has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IOGP.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if IOGP.Q has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if IOGP.Q has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/09/13 06:17 |
| End of Day Share Price | 2022/09/12 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
ION Geophysical Corporation is covered by 18 analysts. 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 |
|---|---|
| Jeffrey Campbell | Alliance Global Partners |
| James West | Barclays |
| Rudolf Hokanson | Barrington Research Associates, Inc. |