ICC Holdings Balance Sheet Health
Financial Health criteria checks 4/6
ICC Holdings has a total shareholder equity of $67.0M and total debt of $15.0M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are $211.1M and $144.0M respectively. ICC Holdings's EBIT is $6.0M making its interest coverage ratio 32.4. It has cash and short-term investments of $1.6M.
Key information
22.4%
Debt to equity ratio
US$15.00m
Debt
Interest coverage ratio | 32.4x |
Cash | US$1.63m |
Equity | US$67.03m |
Total liabilities | US$144.03m |
Total assets | US$211.07m |
Financial Position Analysis
Short Term Liabilities: ICCH's short term assets ($53.4M) do not cover its short term liabilities ($127.8M).
Long Term Liabilities: ICCH's short term assets ($53.4M) exceed its long term liabilities ($16.2M).
Debt to Equity History and Analysis
Debt Level: ICCH's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: ICCH's debt to equity ratio has increased from 5.9% to 22.4% over the past 5 years.
Debt Coverage: ICCH's debt is well covered by operating cash flow (86.8%).
Interest Coverage: ICCH's interest payments on its debt are well covered by EBIT (32.4x coverage).