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 ₹113.6M making its interest coverage ratio 9.9. It has cash and short-term investments of ₹161.7M.
Key information
13.2%
Debt to equity ratio
₹54.35m
Debt
| Interest coverage ratio | 9.9x |
| Cash | ₹161.75m |
| Equity | ₹411.43m |
| Total liabilities | ₹357.62m |
| Total assets | ₹769.05m |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push IRIS Business Services Limited (NSE:IRIS) Shares Up 35% But Growth Is Lacking
May 01
Here'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 (₹596.8M) exceed its short term liabilities (₹288.3M).
Long Term Liabilities: IRIS's short term assets (₹596.8M) exceed its long term liabilities (₹69.3M).
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 53.1% to 13.2% over the past 5 years.
Debt Coverage: IRIS's debt is well covered by operating cash flow (215.2%).
Interest Coverage: IRIS's interest payments on its debt are well covered by EBIT (9.9x coverage).