IRCE Balance Sheet Health
Financial Health criteria checks 6/6
IRCE has a total shareholder equity of €152.9M and total debt of €65.0M, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are €281.7M and €128.8M respectively. IRCE's EBIT is €16.1M making its interest coverage ratio 9.3. It has cash and short-term investments of €14.6M.
Key information
42.5%
Debt to equity ratio
€64.96m
Debt
| Interest coverage ratio | 9.3x |
| Cash | €14.64m |
| Equity | €152.88m |
| Total liabilities | €128.78m |
| Total assets | €281.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IRQ's short term assets (€199.3M) exceed its short term liabilities (€84.6M).
Long Term Liabilities: IRQ's short term assets (€199.3M) exceed its long term liabilities (€44.2M).
Debt to Equity History and Analysis
Debt Level: IRQ's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: IRQ's debt to equity ratio has reduced from 43.4% to 42.5% over the past 5 years.
Debt Coverage: IRQ's debt is well covered by operating cash flow (45.6%).
Interest Coverage: IRQ's interest payments on its debt are well covered by EBIT (9.3x coverage).