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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IR5B's short term assets (€119.4M) do not cover its short term liabilities (€218.6M).
Long Term Liabilities: IR5B's short term assets (€119.4M) exceed its long term liabilities (€72.4M).
Debt to Equity History and Analysis
Debt Level: IR5B's net debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: IR5B's debt to equity ratio has reduced from 80.7% to 54.4% over the past 5 years.
Debt Coverage: IR5B's debt is well covered by operating cash flow (83.8%).
Interest Coverage: IR5B's interest payments on its debt are well covered by EBIT (10.9x coverage).