ICON Balance Sheet Health
Financial Health criteria checks 4/6
ICON has a total shareholder equity of $9.3B and total debt of $3.4B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are $16.5B and $7.2B respectively. ICON's EBIT is $1.1B making its interest coverage ratio 5.9. It has cash and short-term investments of $468.9M.
Key information
36.51%
Debt to equity ratio
US$3.41b
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$468.89m |
| Equity | US$9.33b |
| Total liabilities | US$7.17b |
| Total assets | US$16.51b |
Recent financial health updates
Recent updates
It's Down 28% But ICON Public Limited Company (NASDAQ:ICLR) Could Be Riskier Than It Looks
Feb 06
ICON: Solid Fundamentals Trump Regulatory Headwinds
Oct 22After Leaping 25% ICON Public Limited Company (NASDAQ:ICLR) Shares Are Not Flying Under The Radar
Aug 20Are Investors Undervaluing ICON Public Limited Company (NASDAQ:ICLR) By 43%?
Aug 12What Is ICON Public Limited Company's (NASDAQ:ICLR) Share Price Doing?
Jul 14We Think ICON (NASDAQ:ICLR) Can Stay On Top Of Its Debt
May 20Slammed 26% ICON Public Limited Company (NASDAQ:ICLR) Screens Well Here But There Might Be A Catch
Apr 22Is It Too Late To Consider Buying ICON Public Limited Company (NASDAQ:ICLR)?
Mar 28ICON: An Excellent Investment Opportunity With Strong Growth Potential
Feb 24ICON: A High Probability Of Success In The Uncertain R&D Process
Dec 13ICON: Disappointing Change In Trajectory (Rating Downgrade)
Nov 29ICON: Deleveraging Complete, Now See 18% CAGR In Valuation To FY'26E (Rating Upgrade)
Jul 13Financial Position Analysis
Short Term Liabilities: ICLR's short term assets ($3.4B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: ICLR's short term assets ($3.4B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: ICLR's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: ICLR's debt to equity ratio has increased from 20.5% to 36.5% over the past 5 years.
Debt Coverage: ICLR's debt is well covered by operating cash flow (33.5%).
Interest Coverage: ICLR's interest payments on its debt are well covered by EBIT (5.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/22 14:00 |
| End of Day Share Price | 2026/03/20 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ICON Public Limited Company is covered by 31 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Coldwell | Baird |
| Douglas Tsao | Barclays |
| Luke Sergott | Barclays |