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 ratio | 1.6x |
| Cash | US$174.03m |
| Equity | US$853.69m |
| Total liabilities | US$1.88b |
| Total assets | US$2.74b |
Recent financial health updates
Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet
Mar 24
Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Dec 04Is Iridium Communications (NASDAQ:IRDM) Using Too Much Debt?
Sep 05Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
May 24Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Feb 09Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Oct 17Recent updates
Iridium Communications Is A Momentum Buy On Forward Growth Potential
Apr 25Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet
Mar 24Iridium Communications Is Nearing Buy Territory
Feb 26Solid Earnings Reflect Iridium Communications' (NASDAQ:IRDM) Strength As A Business
Feb 22Some Shareholders Feeling Restless Over Iridium Communications Inc.'s (NASDAQ:IRDM) P/S Ratio
Feb 05We Like These Underlying Return On Capital Trends At Iridium Communications (NASDAQ:IRDM)
Jan 21Is Iridium Communications Inc. (NASDAQ:IRDM) Potentially Undervalued?
Jan 05Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Dec 04Iridium Communications (NASDAQ:IRDM) Will Be Hoping To Turn Its Returns On Capital Around
Oct 02Is Iridium Communications (NASDAQ:IRDM) Using Too Much Debt?
Sep 05At US$60.97, Is It Time To Put Iridium Communications Inc. (NASDAQ:IRDM) On Your Watch List?
Jul 24Iridium Communications (NASDAQ:IRDM) Has More To Do To Multiply In Value Going Forward
Jun 08Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
May 24Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)
May 05Should You Think About Buying Iridium Communications Inc. (NASDAQ:IRDM) Now?
Apr 17Shareholders Will Be Pleased With The Quality of Iridium Communications' (NASDAQ:IRDM) Earnings
Feb 23Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Feb 09Estimating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)
Jan 18Iridium Communications' (NASDAQ:IRDM) Returns On Capital Not Reflecting Well On The Business
Dec 06Iridium Communications Q3 2022 Earnings Preview
Oct 19Here's Why Iridium Communications (NASDAQ:IRDM) Can Manage Its Debt Responsibly
Oct 17Iridium Communications Inc. (NASDAQ:IRDM) Shares Could Be 50% Below Their Intrinsic Value Estimate
Sep 29Iridium announces ninth SpaceX launch
Sep 08Capital Allocation Trends At Iridium Communications (NASDAQ:IRDM) Aren't Ideal
Sep 04Iridium Communications: A Great Company At A Fair Price
Aug 03Iridium Communications Q2 2022 Earnings Preview
Jul 25Does Iridium Communications (NASDAQ:IRDM) Have A Healthy Balance Sheet?
Jul 16Iridium Communications' (NASDAQ:IRDM) Returns On Capital Tell Us There Is Reason To Feel Uneasy
May 22Iridium Communications: An Even Better Way To Play The Space Economy Today
May 15Financial 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).