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
Here's Why Irish Continental Group (LON:ICGC) Can Manage Its Debt Responsibly
Oct 25
Irish Continental Group (LON:ICGC) Seems To Use Debt Quite Sensibly
May 24Does Irish Continental Group (LON:ICGC) Have A Healthy Balance Sheet?
Aug 26Irish Continental Group (LON:ICGC) Has A Somewhat Strained Balance Sheet
Sep 08Recent updates
Here's Why Irish Continental Group (LON:ICGC) Can Manage Its Debt Responsibly
Oct 25What Irish Continental Group plc's (LON:ICGC) P/E Is Not Telling You
Jun 28Irish Continental Group (LON:ICGC) Seems To Use Debt Quite Sensibly
May 24Irish Continental Group plc's (LON:ICGC) Intrinsic Value Is Potentially 36% Above Its Share Price
May 10Why Irish Continental Group plc (LON:ICGC) Could Be Worth Watching
Apr 10Shareholders Would Enjoy A Repeat Of Irish Continental Group's (LON:ICGC) Recent Growth In Returns
Mar 14Here's Why We Think Irish Continental Group (LON:ICGC) Might Deserve Your Attention Today
Dec 14Is Irish Continental Group plc (LON:ICGC) Potentially Undervalued?
Nov 16Irish Continental Group (LON:ICGC) Could Be Struggling To Allocate Capital
Aug 24Irish Continental Group's (LON:ICGC) Returns On Capital Not Reflecting Well On The Business
Mar 31When Should You Buy Irish Continental Group plc (LON:ICGC)?
Mar 10Capital Allocation Trends At Irish Continental Group (LON:ICGC) Aren't Ideal
Dec 16At UK£3.54, Is Irish Continental Group plc (LON:ICGC) Worth Looking At Closely?
Oct 01Does Irish Continental Group (LON:ICGC) Have A Healthy Balance Sheet?
Aug 26Irish Continental Group (LON:ICGC) Has A Somewhat Strained Balance Sheet
Sep 08Financial Position Analysis
Short Term Liabilities: ICGC's short term assets (€150.3M) do not cover its short term liabilities (€193.4M).
Long Term Liabilities: ICGC's short term assets (€150.3M) do not cover its long term liabilities (€206.2M).
Debt to Equity History and Analysis
Debt Level: ICGC's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: ICGC's debt to equity ratio has reduced from 76% to 53.5% over the past 5 years.
Debt Coverage: ICGC's debt is well covered by operating cash flow (80.7%).
Interest Coverage: ICGC's interest payments on its debt are well covered by EBIT (10x coverage).