IT Tech Packaging Balance Sheet Health
Financial Health criteria checks 5/6
IT Tech Packaging has a total shareholder equity of $168.3M and total debt of $11.8M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are $194.7M and $26.4M respectively.
Key information
7.0%
Debt to equity ratio
US$11.80m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.92m |
| Equity | US$168.34m |
| Total liabilities | US$26.41m |
| Total assets | US$194.74m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ITP's short term assets ($28.4M) exceed its short term liabilities ($21.4M).
Long Term Liabilities: ITP's short term assets ($28.4M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: ITP's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: ITP's debt to equity ratio has reduced from 12.7% to 7% over the past 5 years.
Debt Coverage: ITP's debt is well covered by operating cash flow (109.1%).
Interest Coverage: Insufficient data to determine if ITP's interest payments on its debt are well covered by EBIT.