IRCE Balance Sheet Health
Financial Health criteria checks 6/6
IRCE has a total shareholder equity of €152.9M and total debt of €65.0M, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are €281.7M and €128.8M respectively. IRCE's EBIT is €16.1M making its interest coverage ratio 9.3. It has cash and short-term investments of €14.6M.
Key information
42.5%
Debt to equity ratio
€64.96m
Debt
Interest coverage ratio | 9.3x |
Cash | €14.64m |
Equity | €152.88m |
Total liabilities | €128.78m |
Total assets | €281.65m |
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 (€199.3M) exceed its short term liabilities (€84.6M).
Long Term Liabilities: IRC's short term assets (€199.3M) exceed its long term liabilities (€44.2M).
Debt to Equity History and Analysis
Debt Level: IRC's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: IRC's debt to equity ratio has reduced from 43.4% to 42.5% over the past 5 years.
Debt Coverage: IRC's debt is well covered by operating cash flow (45.6%).
Interest Coverage: IRC's interest payments on its debt are well covered by EBIT (9.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/20 06:23 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
IRCE S.p.A. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Alberto Francese | Intesa Sanpaolo Equity Research |
Arianna Terazzi | Intesa Sanpaolo Equity Research |