Iris Clothings Balance Sheet Health
Financial Health criteria checks 4/6
Iris Clothings has a total shareholder equity of ₹691.6M and total debt of ₹344.1M, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are ₹1.3B and ₹640.8M respectively. Iris Clothings's EBIT is ₹202.4M making its interest coverage ratio 5.3. It has cash and short-term investments of ₹15.8M.
Key information
49.8%
Debt to equity ratio
₹344.12m
Debt
| Interest coverage ratio | 5.3x |
| Cash | ₹15.78m |
| Equity | ₹691.62m |
| Total liabilities | ₹640.77m |
| Total assets | ₹1.33b |
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 (₹1.0B) exceed its short term liabilities (₹553.0M).
Long Term Liabilities: IRISDOREME's short term assets (₹1.0B) exceed its long term liabilities (₹87.8M).
Debt to Equity History and Analysis
Debt Level: IRISDOREME's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: IRISDOREME's debt to equity ratio has reduced from 74.2% to 49.8% over the past 5 years.
Debt Coverage: IRISDOREME's debt is not well covered by operating cash flow (5%).
Interest Coverage: IRISDOREME's interest payments on its debt are well covered by EBIT (5.3x coverage).