Irongate Group Balance Sheet Health
Financial Health criteria checks 2/6
Irongate Group has a total shareholder equity of A$1.2B and total debt of A$517.0M, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are A$1.8B and A$568.8M respectively. Irongate Group's EBIT is A$84.1M making its interest coverage ratio -7.8. It has cash and short-term investments of A$9.2M.
Key information
42.5%
Debt to equity ratio
AU$516.98m
Debt
| Interest coverage ratio | -7.8x |
| Cash | AU$9.20m |
| Equity | AU$1.22b |
| Total liabilities | AU$568.80m |
| Total assets | AU$1.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IAP's short term assets (A$19.3M) do not cover its short term liabilities (A$45.2M).
Long Term Liabilities: IAP's short term assets (A$19.3M) do not cover its long term liabilities (A$523.6M).
Debt to Equity History and Analysis
Debt Level: IAP's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: IAP's debt to equity ratio has reduced from 49.3% to 42.5% over the past 5 years.
Debt Coverage: IAP's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: IAP earns more interest than it pays, so coverage of interest payments is not a concern.