Iridium Communications Balance Sheet Health
Financial Health criteria checks 1/6
Iridium Communications has a total shareholder equity of $786.7M and total debt of $1.7B, which brings its debt-to-equity ratio to 209.9%. Its total assets and total liabilities are $2.7B and $1.9B respectively. Iridium Communications's EBIT is $205.4M making its interest coverage ratio 2.1. It has cash and short-term investments of $63.5M.
Key information
209.9%
Debt to equity ratio
US$1.65b
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$63.54m |
| Equity | US$786.70m |
| Total liabilities | US$1.93b |
| Total assets | US$2.72b |
Recent financial health updates
Does Iridium Communications (NASDAQ:IRDM) Have A Healthy Balance Sheet?
Aug 23
Iridium Communications (NASDAQ:IRDM) Has A Pretty Healthy Balance Sheet
Mar 24Here'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 09Recent updates
Returns At Iridium Communications (NASDAQ:IRDM) Are On The Way Up
Sep 13Does Iridium Communications (NASDAQ:IRDM) Have A Healthy Balance Sheet?
Aug 23Iridium Communications Has Come Back Down To Earth
Jul 12Iridium: Facing A Shifting Competitive Landscape
Jul 03Some Shareholders Feeling Restless Over Iridium Communications Inc.'s (NASDAQ:IRDM) P/S Ratio
Jun 27Iridium Communications (NASDAQ:IRDM) Is Increasing Its Dividend To $0.14
May 28Iridium Communications (NASDAQ:IRDM) Might Have The Makings Of A Multi-Bagger
May 25Iridium 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 17Financial Position Analysis
Short Term Liabilities: IRDM's short term assets ($264.4M) exceed its short term liabilities ($117.5M).
Long Term Liabilities: IRDM's short term assets ($264.4M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: IRDM's net debt to equity ratio (201.8%) is considered high.
Reducing Debt: IRDM's debt to equity ratio has increased from 121.7% to 209.9% over the past 5 years.
Debt Coverage: IRDM's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: IRDM's interest payments on its debt are not well covered by EBIT (2.1x coverage).