Iofina Balance Sheet Health
Financial Health criteria checks 6/6
Iofina has a total shareholder equity of $41.6M and total debt of $6.1M, which brings its debt-to-equity ratio to 14.6%. Its total assets and total liabilities are $57.1M and $15.5M respectively. Iofina's EBIT is $11.8M making its interest coverage ratio 116.5. It has cash and short-term investments of $6.3M.
Key information
14.6%
Debt to equity ratio
US$6.07m
Debt
Interest coverage ratio | 116.5x |
Cash | US$6.32m |
Equity | US$41.62m |
Total liabilities | US$15.52m |
Total assets | US$57.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IOFN.F's short term assets ($29.5M) exceed its short term liabilities ($10.6M).
Long Term Liabilities: IOFN.F's short term assets ($29.5M) exceed its long term liabilities ($4.9M).
Debt to Equity History and Analysis
Debt Level: IOFN.F has more cash than its total debt.
Reducing Debt: IOFN.F's debt to equity ratio has reduced from 373.6% to 14.6% over the past 5 years.
Debt Coverage: IOFN.F's debt is well covered by operating cash flow (156.3%).
Interest Coverage: IOFN.F's interest payments on its debt are well covered by EBIT (116.5x coverage).