Iren Balance Sheet Health
Financial Health criteria checks 2/6
Iren has a total shareholder equity of €3.3B and total debt of €5.7B, which brings its debt-to-equity ratio to 172.7%. Its total assets and total liabilities are €12.4B and €9.1B respectively. Iren's EBIT is €493.6M making its interest coverage ratio 5.4. It has cash and short-term investments of €1.4B.
Key information
172.7%
Debt to equity ratio
€5.66b
Debt
| Interest coverage ratio | 5.4x |
| Cash | €1.41b |
| Equity | €3.28b |
| Total liabilities | €9.10b |
| Total assets | €12.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TZ8's short term assets (€3.0B) do not cover its short term liabilities (€3.3B).
Long Term Liabilities: TZ8's short term assets (€3.0B) do not cover its long term liabilities (€5.8B).
Debt to Equity History and Analysis
Debt Level: TZ8's net debt to equity ratio (129.6%) is considered high.
Reducing Debt: TZ8's debt to equity ratio has increased from 128.5% to 172.7% 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 (5.4x coverage).