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.