IRM Energy Balance Sheet Health
Financial Health criteria checks 6/6
IRM Energy has a total shareholder equity of ₹9.5B and total debt of ₹1.8B, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are ₹13.0B and ₹3.5B respectively. IRM Energy's EBIT is ₹1.0B making its interest coverage ratio 48.4. It has cash and short-term investments of ₹4.2B.
Key information
18.8%
Debt to equity ratio
₹1.78b
Debt
| Interest coverage ratio | 48.4x |
| Cash | ₹4.21b |
| Equity | ₹9.47b |
| Total liabilities | ₹3.50b |
| Total assets | ₹12.97b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: IRMENERGY's short term assets (₹4.9B) exceed its short term liabilities (₹1.5B).
Long Term Liabilities: IRMENERGY's short term assets (₹4.9B) exceed its long term liabilities (₹2.0B).
Debt to Equity History and Analysis
Debt Level: IRMENERGY has more cash than its total debt.
Reducing Debt: IRMENERGY's debt to equity ratio has reduced from 248.9% to 18.8% over the past 5 years.
Debt Coverage: IRMENERGY's debt is well covered by operating cash flow (65%).
Interest Coverage: IRMENERGY's interest payments on its debt are well covered by EBIT (48.4x coverage).