IRC Balance Sheet Health
Financial Health criteria checks 6/6
IRC has a total shareholder equity of $289.0M and total debt of $67.3M, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are $451.0M and $162.1M respectively. IRC's EBIT is $22.0M making its interest coverage ratio 2.6. It has cash and short-term investments of $56.6M.
Key information
23.3%
Debt to equity ratio
US$67.32m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$56.56m |
| Equity | US$288.98m |
| Total liabilities | US$162.06m |
| Total assets | US$451.04m |
Recent financial health updates
Is IRC (HKG:1029) A Risky Investment?
Sep 02
These 4 Measures Indicate That IRC (HKG:1029) Is Using Debt Reasonably Well
May 23Here's Why IRC (HKG:1029) Can Manage Its Debt Responsibly
Nov 05IRC (HKG:1029) Has A Somewhat Strained Balance Sheet
Apr 05Recent updates
Returns Are Gaining Momentum At IRC (HKG:1029)
Dec 28Is IRC (HKG:1029) A Risky Investment?
Sep 02These 4 Measures Indicate That IRC (HKG:1029) Is Using Debt Reasonably Well
May 23With EPS Growth And More, IRC (HKG:1029) Is Interesting
Apr 01Under The Bonnet, IRC's (HKG:1029) Returns Look Impressive
Feb 26Here's Why IRC (HKG:1029) Can Manage Its Debt Responsibly
Nov 05IRC (HKG:1029) Is Doing The Right Things To Multiply Its Share Price
Aug 20Shareholders May Not Be So Generous With IRC Limited's (HKG:1029) CEO Compensation And Here's Why
Jun 18Returns On Capital Are Showing Encouraging Signs At IRC (HKG:1029)
May 10IRC (HKG:1029) Has A Somewhat Strained Balance Sheet
Apr 05How Much Does IRC's (HKG:1029) CEO Make?
Dec 27
Reflecting on IRC's (HKG:1029) Share Price Returns Over The Last Three Years
Dec 01Financial Position Analysis
Short Term Liabilities: 1029's short term assets ($160.7M) exceed its short term liabilities ($105.0M).
Long Term Liabilities: 1029's short term assets ($160.7M) exceed its long term liabilities ($57.1M).
Debt to Equity History and Analysis
Debt Level: 1029's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 1029's debt to equity ratio has reduced from 66.6% to 23.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 1029 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1029 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 12.2% per year.