Iren Balance Sheet Health
Financial Health criteria checks 2/6
Iren has a total shareholder equity of €3.3B and total debt of €5.3B, which brings its debt-to-equity ratio to 164.1%. Its total assets and total liabilities are €12.0B and €8.7B respectively. Iren's EBIT is €473.3M making its interest coverage ratio 4.7. It has cash and short-term investments of €569.1M.
Key information
164.1%
Debt to equity ratio
€5.34b
Debt
| Interest coverage ratio | 4.7x |
| Cash | €569.10m |
| Equity | €3.26b |
| Total liabilities | €8.74b |
| Total assets | €12.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TZ8's short term assets (€2.8B) do not cover its short term liabilities (€3.0B).
Long Term Liabilities: TZ8's short term assets (€2.8B) do not cover its long term liabilities (€5.7B).
Debt to Equity History and Analysis
Debt Level: TZ8's net debt to equity ratio (146.6%) is considered high.
Reducing Debt: TZ8's debt to equity ratio has increased from 125.3% to 164.1% over the past 5 years.
Debt Coverage: TZ8's debt is well covered by operating cash flow (21.2%).
Interest Coverage: TZ8's interest payments on its debt are well covered by EBIT (4.7x coverage).