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Ebix Balance Sheet Health

Financial Health criteria checks 2/6

Ebix has a total shareholder equity of $651.5M and total debt of $631.6M, which brings its debt-to-equity ratio to 96.9%. Its total assets and total liabilities are $1.6B and $910.4M respectively. Ebix's EBIT is $109.9M making its interest coverage ratio 1.2. It has cash and short-term investments of $88.7M.

Key information

96.9%

Debt to equity ratio

US$631.60m

Debt

Interest coverage ratio	1.2x
Cash	US$88.69m
Equity	US$651.54m
Total liabilities	US$910.45m
Total assets	US$1.56b

Recent financial health updates

Recent updates

EbixCash and J&K Bank sign agreement for facilitating money transfer services across branches

Jul 21

Calculating The Fair Value Of Ebix, Inc. (NASDAQ:EBIX)

Jul 21

Financial Position Analysis

Short Term Liabilities: EBIX.Q's short term assets ($358.9M) do not cover its short term liabilities ($865.4M).

Long Term Liabilities: EBIX.Q's short term assets ($358.9M) exceed its long term liabilities ($45.1M).

Debt to Equity History and Analysis

Debt Level: EBIX.Q's net debt to equity ratio (83.3%) is considered high.

Reducing Debt: EBIX.Q's debt to equity ratio has reduced from 120.4% to 96.9% over the past 5 years.

Debt Coverage: EBIX.Q's debt is not well covered by operating cash flow (5.7%).

Interest Coverage: EBIX.Q's interest payments on its debt are not well covered by EBIT (1.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/09/02 09:10
End of Day Share Price	2024/08/30 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Ebix, Inc. is covered by 10 analysts. 0 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
null null	Argus Research Company
James Fotheringham	BMO Capital Markets Equity Research
Lawrence Solow	CJS Securities, Inc.

This company listing is no longer active

Ebix Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Ebix Files Form 15

Ebix, Inc. announced delayed 10-Q filing

First Amended Disclosure Statement Approved for Ebix, Inc.

Nasdaq Stock Market, LLC Files Form 25 with the Securities and Exchange Commission to Remove Ebix's Common Stock from Listing, Effective at the Opening of the Trading Session on February 26, 2024

Motion for Joint Administration Filed by Ebix, Inc.

Ebix, Inc. announced delayed 10-Q filing

Recent updates

Ebix Files Form 15

Ebix, Inc. announced delayed 10-Q filing

Everyday Health Media, LLC agreed to acquire North American assets of Ebix, Inc. from Ebix, Inc. (OTCPK:EBIX.Q) for $4 million.

First Amended Disclosure Statement Approved for Ebix, Inc.

Zinnia Distributor Solutions LLC completed the acquisition of North American Life and Annuity assets from Ebix, Inc. (NasdaqGS:EBIX).

Nasdaq Stock Market, LLC Files Form 25 with the Securities and Exchange Commission to Remove Ebix's Common Stock from Listing, Effective at the Opening of the Trading Session on February 26, 2024

Ebix, Inc.(OTCPK:EBIX.Q) dropped from NASDAQ Composite Index

Ebix, Inc.(NasdaqGS:EBIX) dropped from S&P TMI Index

Motion for Joint Administration Filed by Ebix, Inc.

Ebix, Inc.(NasdaqGS:EBIX) dropped from S&P Software & Services Select Industry Index

Ebix, Inc. announced delayed 10-Q filing

Consensus EPS estimates fall by 54%

Investor sentiment deteriorates as stock falls 39%

Investor sentiment deteriorates as stock falls 17%

Investor sentiment deteriorates as stock falls 23%

Calculating The Intrinsic Value Of Ebix, Inc. (NASDAQ:EBIX)

Now 20% undervalued after recent price drop

Investors Will Want Ebix's (NASDAQ:EBIX) Growth In ROCE To Persist

Consensus EPS estimates fall by 61%

New minor risk - Profit margin trend

Now 24% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 22%

Ebix, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Here's Why Ebix (NASDAQ:EBIX) Has A Meaningful Debt Burden

Plaintiffs in Two Legal Cases Voluntarily Dismiss Claims Against Ebix, Inc. Without Prejudice

Southern District Court of New York Dismisses Securities Suit Against Ebix

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 18%

First quarter 2023 earnings released: EPS: US$0.23 (vs US$0.63 in 1Q 2022)

Ebix, Inc. to Report Q1, 2023 Results on May 10, 2023

Investor sentiment improves as stock rises 18%

Investors Will Want Ebix's (NASDAQ:EBIX) Growth In ROCE To Persist

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Is Ebix (NASDAQ:EBIX) Using Too Much Debt?

Calculating The Intrinsic Value Of Ebix, Inc. (NASDAQ:EBIX)

Ebix (NASDAQ:EBIX) Is Doing The Right Things To Multiply Its Share Price

Investor sentiment improved over the past week

Ebix (NASDAQ:EBIX) Has Announced A Dividend Of $0.075

Investor sentiment deteriorated over the past week

We Think Ebix (NASDAQ:EBIX) Is Taking Some Risk With Its Debt

Insufficient new directors

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorated over the past week

Ebix: Affordable Bet On The Fast-Growing Fintech Industry

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.075 per share

Ebix (NASDAQ:EBIX) Has Announced A Dividend Of $0.075

Ebix declares $0.075 dividend

Investor sentiment improved over the past week

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 31% undervalued after recent price drop

Ebix stock slides as forex headwinds weigh on Q2 results

Ebix (NASDAQ:EBIX) Has A Somewhat Strained Balance Sheet

Investor sentiment improved over the past week

EbixCash and J&K Bank sign agreement for facilitating money transfer services across branches

Calculating The Fair Value Of Ebix, Inc. (NASDAQ:EBIX)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources