IRIS Business Services Balance Sheet Health
Financial Health criteria checks 6/6
IRIS Business Services has a total shareholder equity of ₹603.2M and total debt of ₹35.9M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are ₹1.0B and ₹426.6M respectively. IRIS Business Services's EBIT is ₹150.2M making its interest coverage ratio 162.1. It has cash and short-term investments of ₹225.6M.
Key information
6.0%
Debt to equity ratio
₹35.93m
Debt
| Interest coverage ratio | 162.1x |
| Cash | ₹225.59m |
| Equity | ₹603.19m |
| Total liabilities | ₹426.60m |
| Total assets | ₹1.03b |
Recent financial health updates
No updates
Recent updates
IRIS Business Services Limited's (NSE:IRIS) 26% Jump Shows Its Popularity With Investors
Sep 26
Optimistic Investors Push IRIS Business Services Limited (NSE:IRIS) Shares Up 37% But Growth Is Lacking
Jul 30Here's Why IRIS Business Services (NSE:IRIS) Has Caught The Eye Of Investors
Jul 22Earnings Not Telling The Story For IRIS Business Services Limited (NSE:IRIS) After Shares Rise 26%
Jun 15Optimistic Investors Push IRIS Business Services Limited (NSE:IRIS) Shares Up 35% But Growth Is Lacking
May 01Here's Why We Think IRIS Business Services (NSE:IRIS) Might Deserve Your Attention Today
Apr 23IRIS Business Services Limited's (NSE:IRIS) Popularity With Investors Under Threat As Stock Sinks 29%
Mar 14Do IRIS Business Services' (NSE:IRIS) Earnings Warrant Your Attention?
Nov 08Do IRIS Business Services' (NSE:IRIS) Earnings Warrant Your Attention?
Jul 26Financial Position Analysis
Short Term Liabilities: IRIS's short term assets (₹824.5M) exceed its short term liabilities (₹357.8M).
Long Term Liabilities: IRIS's short term assets (₹824.5M) exceed its long term liabilities (₹68.8M).
Debt to Equity History and Analysis
Debt Level: IRIS has more cash than its total debt.
Reducing Debt: IRIS's debt to equity ratio has reduced from 39.9% to 6% over the past 5 years.
Debt Coverage: IRIS's debt is well covered by operating cash flow (513.9%).
Interest Coverage: IRIS's interest payments on its debt are well covered by EBIT (162.1x coverage).