Iris Clothings Balance Sheet Health
Financial Health criteria checks 5/6
Iris Clothings has a total shareholder equity of ₹754.3M and total debt of ₹331.2M, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are ₹1.5B and ₹705.8M respectively. Iris Clothings's EBIT is ₹196.0M making its interest coverage ratio 5.1. It has cash and short-term investments of ₹8.7M.
Key information
43.9%
Debt to equity ratio
₹331.20m
Debt
| Interest coverage ratio | 5.1x |
| Cash | ₹8.67m |
| Equity | ₹754.28m |
| Total liabilities | ₹705.85m |
| Total assets | ₹1.46b |
Recent financial health updates
We Think Iris Clothings (NSE:IRISDOREME) Can Stay On Top Of Its Debt
Jan 24
Iris Clothings (NSE:IRISDOREME) Has A Pretty Healthy Balance Sheet
Mar 15Here's Why Iris Clothings (NSE:IRISDOREME) Can Manage Its Debt Responsibly
Oct 27Is Iris Clothings (NSE:IRISDOREME) Using Too Much Debt?
Jun 07Recent updates
Risks To Shareholder Returns Are Elevated At These Prices For Iris Clothings Limited (NSE:IRISDOREME)
Jun 05Is Now The Time To Put Iris Clothings (NSE:IRISDOREME) On Your Watchlist?
Apr 06We Think Iris Clothings (NSE:IRISDOREME) Can Stay On Top Of Its Debt
Jan 24Iris Clothings' (NSE:IRISDOREME) Earnings Are Weaker Than They Seem
May 08Iris Clothings (NSE:IRISDOREME) Has A Pretty Healthy Balance Sheet
Mar 15Here's Why I Think Iris Clothings (NSE:IRISDOREME) Is An Interesting Stock
Feb 23Estimating The Intrinsic Value Of Iris Clothings Limited (NSE:IRISDOREME)
Nov 22Here's Why Iris Clothings (NSE:IRISDOREME) Can Manage Its Debt Responsibly
Oct 27Is Iris Clothings (NSE:IRISDOREME) Using Too Much Debt?
Jun 07Are Strong Financial Prospects The Force That Is Driving The Momentum In Iris Clothings Limited's NSE:IRISDOREME) Stock?
Dec 21Financial Position Analysis
Short Term Liabilities: IRISDOREME's short term assets (₹1.1B) exceed its short term liabilities (₹585.0M).
Long Term Liabilities: IRISDOREME's short term assets (₹1.1B) exceed its long term liabilities (₹120.8M).
Debt to Equity History and Analysis
Debt Level: IRISDOREME's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: IRISDOREME's debt to equity ratio has reduced from 84.1% to 43.9% over the past 5 years.
Debt Coverage: IRISDOREME's debt is well covered by operating cash flow (22.6%).
Interest Coverage: IRISDOREME's interest payments on its debt are well covered by EBIT (5.1x coverage).