ICC Holdings Balance Sheet Health
Financial Health criteria checks 4/6
ICC Holdings has a total shareholder equity of $68.7M and total debt of $15.0M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are $216.4M and $147.7M respectively. ICC Holdings's EBIT is $6.6M making its interest coverage ratio 35.5. It has cash and short-term investments of $7.0M.
Key information
21.8%
Debt to equity ratio
US$15.00m
Debt
Interest coverage ratio | 35.5x |
Cash | US$7.03m |
Equity | US$68.69m |
Total liabilities | US$147.75m |
Total assets | US$216.43m |
Financial Position Analysis
Short Term Liabilities: ICCH's short term assets ($61.3M) do not cover its short term liabilities ($131.5M).
Long Term Liabilities: ICCH's short term assets ($61.3M) exceed its long term liabilities ($16.2M).
Debt to Equity History and Analysis
Debt Level: ICCH's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: ICCH's debt to equity ratio has increased from 5.8% to 21.8% over the past 5 years.
Debt Coverage: ICCH's debt is well covered by operating cash flow (75%).
Interest Coverage: ICCH's interest payments on its debt are well covered by EBIT (35.5x coverage).