IRIS Business Services Balance Sheet Health
Financial Health criteria checks 6/6
IRIS Business Services has a total shareholder equity of ₹411.4M and total debt of ₹54.3M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are ₹769.0M and ₹357.6M respectively. IRIS Business Services's EBIT is ₹107.0M making its interest coverage ratio 9.3. It has cash and short-term investments of ₹161.7M.
Key information
13.2%
Debt to equity ratio
₹54.35m
Debt
Interest coverage ratio | 9.3x |
Cash | ₹161.75m |
Equity | ₹411.43m |
Total liabilities | ₹357.62m |
Total assets | ₹769.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540735's short term assets (₹596.8M) exceed its short term liabilities (₹288.3M).
Long Term Liabilities: 540735's short term assets (₹596.8M) exceed its long term liabilities (₹69.3M).
Debt to Equity History and Analysis
Debt Level: 540735 has more cash than its total debt.
Reducing Debt: 540735's debt to equity ratio has reduced from 53.1% to 13.2% over the past 5 years.
Debt Coverage: 540735's debt is well covered by operating cash flow (215.2%).
Interest Coverage: 540735's interest payments on its debt are well covered by EBIT (9.3x coverage).