IT Tech Packaging Balance Sheet Health
Financial Health criteria checks 5/6
IT Tech Packaging has a total shareholder equity of $164.3M and total debt of $9.8M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are $190.0M and $25.7M respectively.
Key information
6.0%
Debt to equity ratio
US$9.79m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.41m |
| Equity | US$164.32m |
| Total liabilities | US$25.69m |
| Total assets | US$190.02m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ITP's short term assets ($33.0M) exceed its short term liabilities ($20.8M).
Long Term Liabilities: ITP's short term assets ($33.0M) exceed its long term liabilities ($4.9M).
Debt to Equity History and Analysis
Debt Level: ITP's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: ITP's debt to equity ratio has reduced from 9.6% to 6% over the past 5 years.
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: ITP has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ITP has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 22.4% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:43 |
| End of Day Share Price | 2024/12/20 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
IT Tech Packaging, Inc. is covered by 2 analysts. 0 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 |
|---|---|
| Julie Chen | Hudson Securities Inc. |
| Mark Tobin | Roth MKM |