Iress Balance Sheet Health
Financial Health criteria checks 1/6
Iress has a total shareholder equity of A$272.0M and total debt of A$363.6M, which brings its debt-to-equity ratio to 133.7%. Its total assets and total liabilities are A$792.2M and A$520.2M respectively. Iress's EBIT is A$11.4M making its interest coverage ratio 0.5. It has cash and short-term investments of A$50.7M.
Key information
133.7%
Debt to equity ratio
AU$363.56m
Debt
Interest coverage ratio | 0.5x |
Cash | AU$50.74m |
Equity | AU$272.01m |
Total liabilities | AU$520.21m |
Total assets | AU$792.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IRE's short term assets (A$141.2M) exceed its short term liabilities (A$110.1M).
Long Term Liabilities: IRE's short term assets (A$141.2M) do not cover its long term liabilities (A$410.1M).
Debt to Equity History and Analysis
Debt Level: IRE's net debt to equity ratio (115%) is considered high.
Reducing Debt: IRE's debt to equity ratio has increased from 48.7% to 133.7% over the past 5 years.
Debt Coverage: IRE's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: IRE's interest payments on its debt are not well covered by EBIT (0.5x coverage).