Iridium Communications Inc.

NasdaqGS:IRDM Stock Report

Market Cap: US$3.2b

Iridium Communications Balance Sheet Health

Financial Health criteria checks 1/6

Iridium Communications has a total shareholder equity of $853.7M and total debt of $1.6B, which brings its debt-to-equity ratio to 187.9%. Its total assets and total liabilities are $2.7B and $1.9B respectively. Iridium Communications's EBIT is $145.8M making its interest coverage ratio 1.6. It has cash and short-term investments of $174.0M.

Key information

187.9%

Debt to equity ratio

US$1.60b

Debt

Interest coverage ratio1.6x
CashUS$174.03m
EquityUS$853.69m
Total liabilitiesUS$1.88b
Total assetsUS$2.74b

Recent financial health updates

Recent updates

Iridium Communications (NASDAQ:IRDM) Is Increasing Its Dividend To $0.14

May 28
Iridium Communications (NASDAQ:IRDM) Is Increasing Its Dividend To $0.14

Iridium Communications (NASDAQ:IRDM) Might Have The Makings Of A Multi-Bagger

May 25
Iridium Communications (NASDAQ:IRDM) Might Have The Makings Of A Multi-Bagger

Iridium Communications Is A Momentum Buy On Forward Growth Potential

Apr 25

Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet

Mar 24
Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet

Iridium Communications Is Nearing Buy Territory

Feb 26

Solid Earnings Reflect Iridium Communications' (NASDAQ:IRDM) Strength As A Business

Feb 22
Solid Earnings Reflect Iridium Communications' (NASDAQ:IRDM) Strength As A Business

Some Shareholders Feeling Restless Over Iridium Communications Inc.'s (NASDAQ:IRDM) P/S Ratio

Feb 05
Some Shareholders Feeling Restless Over Iridium Communications Inc.'s (NASDAQ:IRDM) P/S Ratio

We Like These Underlying Return On Capital Trends At Iridium Communications (NASDAQ:IRDM)

Jan 21
We Like These Underlying Return On Capital Trends At Iridium Communications (NASDAQ:IRDM)

Is Iridium Communications Inc. (NASDAQ:IRDM) Potentially Undervalued?

Jan 05
Is Iridium Communications Inc. (NASDAQ:IRDM) Potentially Undervalued?

Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

Dec 04
Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

Iridium Communications (NASDAQ:IRDM) Will Be Hoping To Turn Its Returns On Capital Around

Oct 02
Iridium Communications (NASDAQ:IRDM) Will Be Hoping To Turn Its Returns On Capital Around

Is Iridium Communications (NASDAQ:IRDM) Using Too Much Debt?

Sep 05
Is Iridium Communications (NASDAQ:IRDM) Using Too Much Debt?

At US$60.97, Is It Time To Put Iridium Communications Inc. (NASDAQ:IRDM) On Your Watch List?

Jul 24
At US$60.97, Is It Time To Put Iridium Communications Inc. (NASDAQ:IRDM) On Your Watch List?

Iridium Communications (NASDAQ:IRDM) Has More To Do To Multiply In Value Going Forward

Jun 08
Iridium Communications (NASDAQ:IRDM) Has More To Do To Multiply In Value Going Forward

Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

May 24
Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)

May 05
Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)

Should You Think About Buying Iridium Communications Inc. (NASDAQ:IRDM) Now?

Apr 17
Should You Think About Buying Iridium Communications Inc. (NASDAQ:IRDM) Now?

Shareholders Will Be Pleased With The Quality of Iridium Communications' (NASDAQ:IRDM) Earnings

Feb 23
Shareholders Will Be Pleased With The Quality of Iridium Communications' (NASDAQ:IRDM) Earnings

Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

Feb 09
Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)

Jan 18
Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)

Iridium Communications' (NASDAQ:IRDM) Returns On Capital Not Reflecting Well On The Business

Dec 06
Iridium Communications' (NASDAQ:IRDM) Returns On Capital Not Reflecting Well On The Business

Iridium Communications Q3 2022 Earnings Preview

Oct 19

Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

Oct 17
Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly

Iridium Communications Inc. (NASDAQ:IRDM) Shares Could Be 50% Below Their Intrinsic Value Estimate

Sep 29
Iridium Communications Inc. (NASDAQ:IRDM) Shares Could Be 50% Below Their Intrinsic Value Estimate

Iridium announces ninth SpaceX launch

Sep 08

Capital Allocation Trends At Iridium Communications (NASDAQ:IRDM) Aren't Ideal

Sep 04
Capital Allocation Trends At Iridium Communications (NASDAQ:IRDM) Aren't Ideal

Iridium Communications: A Great Company At A Fair Price

Aug 03

Iridium Communications Q2 2022 Earnings Preview

Jul 25

Does Iridium Communications (NASDAQ:IRDM) Have A Healthy Balance Sheet?

Jul 16
Does Iridium Communications (NASDAQ:IRDM) Have A Healthy Balance Sheet?

Iridium Communications' (NASDAQ:IRDM) Returns On Capital Tell Us There Is Reason To Feel Uneasy

May 22
Iridium Communications' (NASDAQ:IRDM) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Financial Position Analysis

Short Term Liabilities: IRDM's short term assets ($376.8M) exceed its short term liabilities ($113.0M).

Long Term Liabilities: IRDM's short term assets ($376.8M) do not cover its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: IRDM's net debt to equity ratio (167.5%) is considered high.

Reducing Debt: IRDM's debt to equity ratio has increased from 123.7% to 187.9% over the past 5 years.

Debt Coverage: IRDM's debt is not well covered by operating cash flow (19.8%).

Interest Coverage: IRDM's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


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