IRCE Balance Sheet Health
Financial Health criteria checks 6/6
IRCE has a total shareholder equity of €152.3M and total debt of €72.1M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are €286.6M and €134.3M respectively. IRCE's EBIT is €14.6M making its interest coverage ratio 13.2. It has cash and short-term investments of €17.6M.
Key information
47.3%
Debt to equity ratio
€72.12m
Debt
Interest coverage ratio | 13.2x |
Cash | €17.63m |
Equity | €152.33m |
Total liabilities | €134.26m |
Total assets | €286.59m |
Recent financial health updates
Here's Why IRCE (BIT:IRC) Can Manage Its Debt Responsibly
Sep 16Here's Why IRCE (BIT:IRC) Can Manage Its Debt Responsibly
Sep 15IRCE (BIT:IRC) Is Carrying A Fair Bit Of Debt
Dec 21Recent updates
There May Be Some Bright Spots In IRCE's (BIT:IRC) Earnings
Mar 23Here's Why IRCE (BIT:IRC) Can Manage Its Debt Responsibly
Sep 16IRCE's (BIT:IRC) Dividend Will Be Increased To €0.06
Apr 05IRCE's (BIT:IRC) Upcoming Dividend Will Be Larger Than Last Year's
Mar 19IRCE's (BIT:IRC) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Jan 21IRCE's (BIT:IRC) Dividend Will Be Increased To €0.05
Apr 28IRCE's (BIT:IRC) Upcoming Dividend Will Be Larger Than Last Year's
Mar 19Here's Why IRCE (BIT:IRC) Can Manage Its Debt Responsibly
Sep 15There's Been No Shortage Of Growth Recently For IRCE's (BIT:IRC) Returns On Capital
May 03Is IRCE S.p.A. (BIT:IRC) Potentially Undervalued?
Apr 08How Much Did IRCE's(BIT:IRC) Shareholders Earn From Share Price Movements Over The Last Three Years?
Mar 02IRCE (BIT:IRC) Is Carrying A Fair Bit Of Debt
Dec 21IRCE's (BIT:IRC) Stock Price Has Reduced 40% In The Past Three Years
Nov 25Financial Position Analysis
Short Term Liabilities: IRC's short term assets (€212.6M) exceed its short term liabilities (€108.8M).
Long Term Liabilities: IRC's short term assets (€212.6M) exceed its long term liabilities (€25.4M).
Debt to Equity History and Analysis
Debt Level: IRC's net debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: IRC's debt to equity ratio has reduced from 52% to 47.3% over the past 5 years.
Debt Coverage: IRC's debt is well covered by operating cash flow (53.9%).
Interest Coverage: IRC's interest payments on its debt are well covered by EBIT (13.2x coverage).