What is Intrepid Potash's net debt?

Intrepid Potash (IPI) reported net debt of -$96.18M in Q1 2026.

How has Intrepid Potash's net debt changed year-over-year?

Intrepid Potash's net debt decreased by 129.4% year-over-year, from -$41.93M to -$96.18M.

What is the long-term trend for Intrepid Potash's net debt?

Over 5 years (2020 to 2025), Intrepid Potash's net debt has grown at a 48.6% compound annual growth rate (CAGR), from $10.88M to -$78.83M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Intrepid Potash IPI Net debt

Discontinued — last reported Q1 '26

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HES

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Other financials

Income statement

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Revenue$98.7M+4.4%

Gross profit$17.7M+32.7%

Operating income$6.2M+68.2%

Net income$7.4M+61.1%

EPS (diluted)$0.56+60.0%

Balance sheet

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Cash & equivalents$99.9M+119%

Total debt$3.7M-2.5%

Total equity$498.2M+3.9%

Total assets$641.5M+6.7%

Cash flow

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Operating cash flow$23.2M+112%

CapEx$5.1M-33.0%

Free cash flow$18.0M+454%

Valuation

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Market cap$455.78M-6.9%

Enterprise value$359.6M-19.7%

P/E31.6×—

P/S1.4×+0.4×

Profitability

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Gross margin12.6%+2.7pp

Operating margin-4.1%-1.8pp

Net margin-71.8%-100pp

FCF margin10.3%—

Returns & leverage

See full

Return on equity3%+1.5pp

Debt / equity0×0.0×

Current ratio5.3×+0.1×

Where this comes from

Calculated from Intrepid Potash’s reported figures.

$3.7Mtotal debt−$99.9Mcash and equivalents=-$96.18M

The official record: Intrepid Potash’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intrepid Potash's net debt?: Intrepid Potash (IPI) reported net debt of -$96.18M in Q1 2026.
How has Intrepid Potash's net debt changed year-over-year?: Intrepid Potash's net debt decreased by 129.4% year-over-year, from -$41.93M to -$96.18M.
What is the long-term trend for Intrepid Potash's net debt?: Over 5 years (2020 to 2025), Intrepid Potash's net debt has grown at a 48.6% compound annual growth rate (CAGR), from $10.88M to -$78.83M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.