IT Tech Packaging Balance Sheet Health
Financial Health criteria checks 5/6
IT Tech Packaging has a total shareholder equity of $163.5M and total debt of $12.1M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are $191.4M and $27.9M respectively.
Key information
7.4%
Debt to equity ratio
US$12.15m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.14m |
| Equity | US$163.45m |
| Total liabilities | US$27.91m |
| Total assets | US$191.36m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ITP's short term assets ($33.4M) exceed its short term liabilities ($22.9M).
Long Term Liabilities: ITP's short term assets ($33.4M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: ITP's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: ITP's debt to equity ratio has reduced from 9.7% to 7.4% over the past 5 years.
Debt Coverage: ITP's debt is well covered by operating cash flow (69.7%).
Interest Coverage: Insufficient data to determine if ITP's interest payments on its debt are well covered by EBIT.