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Intertape Polymer Group Balance Sheet Health
Financial Health criteria checks 3/6
Key information
224.6%
Debt to equity ratio
US$654.59m
Debt
Interest coverage ratio | 4.3x |
Cash | US$11.35m |
Equity | US$291.51m |
Total liabilities | US$1.08b |
Total assets | US$1.37b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITPO.F's short term assets ($554.2M) exceed its short term liabilities ($380.6M).
Long Term Liabilities: ITPO.F's short term assets ($554.2M) do not cover its long term liabilities ($697.7M).
Debt to Equity History and Analysis
Debt Level: ITPO.F's net debt to equity ratio (220.7%) is considered high.
Reducing Debt: ITPO.F's debt to equity ratio has increased from 80.5% to 224.6% over the past 5 years.
Debt Coverage: ITPO.F's debt is well covered by operating cash flow (20.4%).
Interest Coverage: ITPO.F's interest payments on its debt are well covered by EBIT (4.3x coverage).