Irish Continental Group Balance Sheet Health
Financial Health criteria checks 5/6
Irish Continental Group has a total shareholder equity of €282.3M and total debt of €153.5M, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are €573.3M and €291.0M respectively. Irish Continental Group's EBIT is €69.7M making its interest coverage ratio 10.9. It has cash and short-term investments of €46.8M.
Key information
54.4%
Debt to equity ratio
€153.50m
Debt
| Interest coverage ratio | 10.9x |
| Cash | €46.80m |
| Equity | €282.30m |
| Total liabilities | €291.00m |
| Total assets | €573.30m |
Recent financial health updates
Does Irish Continental Group (LON:ICGC) Have A Healthy Balance Sheet?
Aug 26
Irish Continental Group (LON:ICGC) Has A Somewhat Strained Balance Sheet
Sep 08Recent updates
Why 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 (€119.4M) do not cover its short term liabilities (€218.6M).
Long Term Liabilities: ICGC's short term assets (€119.4M) exceed its long term liabilities (€72.4M).
Debt to Equity History and Analysis
Debt Level: ICGC's net debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: ICGC's debt to equity ratio has reduced from 80.7% to 54.4% over the past 5 years.
Debt Coverage: ICGC's debt is well covered by operating cash flow (83.8%).
Interest Coverage: ICGC's interest payments on its debt are well covered by EBIT (10.9x coverage).