Irish Residential Properties REIT Balance Sheet Health
Financial Health criteria checks 0/6
Irish Residential Properties REIT has a total shareholder equity of €669.3M and total debt of €570.0M, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are €1.3B and €600.3M respectively. Irish Residential Properties REIT's EBIT is €53.4M making its interest coverage ratio 1.8. It has cash and short-term investments of €8.7M.
Key information
85.2%
Debt to equity ratio
€569.97m
Debt
| Interest coverage ratio | 1.8x |
| Cash | €8.73m |
| Equity | €669.25m |
| Total liabilities | €600.30m |
| Total assets | €1.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: IRES's short term assets (€17.4M) do not cover its short term liabilities (€22.7M).
Long Term Liabilities: IRES's short term assets (€17.4M) do not cover its long term liabilities (€577.6M).
Debt to Equity History and Analysis
Debt Level: IRES's net debt to equity ratio (83.9%) is considered high.
Reducing Debt: IRES's debt to equity ratio has increased from 53.8% to 85.2% over the past 5 years.
Debt Coverage: IRES's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: IRES's interest payments on its debt are not well covered by EBIT (1.8x coverage).