Irish Continental Group Balance Sheet Health
Financial Health criteria checks 4/6
Irish Continental Group has a total shareholder equity of €279.6M and total debt of €149.6M, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are €679.2M and €399.6M respectively. Irish Continental Group's EBIT is €70.9M making its interest coverage ratio 10. It has cash and short-term investments of €51.2M.
Key information
53.5%
Debt to equity ratio
€149.60m
Debt
| Interest coverage ratio | 10x |
| Cash | €51.20m |
| Equity | €279.60m |
| Total liabilities | €399.60m |
| Total assets | €679.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICGCL's short term assets (€150.3M) do not cover its short term liabilities (€193.4M).
Long Term Liabilities: ICGCL's short term assets (€150.3M) do not cover its long term liabilities (€206.2M).
Debt to Equity History and Analysis
Debt Level: ICGCL's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: ICGCL's debt to equity ratio has reduced from 76% to 53.5% over the past 5 years.
Debt Coverage: ICGCL's debt is well covered by operating cash flow (80.7%).
Interest Coverage: ICGCL's interest payments on its debt are well covered by EBIT (10x coverage).