Iren Balance Sheet Health
Financial Health criteria checks 2/6
Iren has a total shareholder equity of €3.2B and total debt of €4.7B, which brings its debt-to-equity ratio to 145%. Its total assets and total liabilities are €9.1B and €5.9B respectively. Iren's EBIT is €464.6M making its interest coverage ratio 4.7. It has cash and short-term investments of €440.2M.
Key information
145.0%
Debt to equity ratio
€4.70b
Debt
Interest coverage ratio | 4.7x |
Cash | €440.22m |
Equity | €3.24b |
Total liabilities | €5.86b |
Total assets | €9.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0MUN's short term assets (€640.4M) exceed its short term liabilities (€584.8M).
Long Term Liabilities: 0MUN's short term assets (€640.4M) do not cover its long term liabilities (€5.3B).
Debt to Equity History and Analysis
Debt Level: 0MUN's net debt to equity ratio (131.4%) is considered high.
Reducing Debt: 0MUN's debt to equity ratio has increased from 134.6% to 145% over the past 5 years.
Debt Coverage: 0MUN's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: 0MUN's interest payments on its debt are well covered by EBIT (4.7x coverage).