IRCE Balance Sheet Health
Financial Health criteria checks 6/6
IRCE has a total shareholder equity of €153.3M and total debt of €40.0M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are €243.8M and €90.5M respectively. IRCE's EBIT is €13.8M making its interest coverage ratio 7.2. It has cash and short-term investments of €14.2M.
Key information
26.1%
Debt to equity ratio
€39.96m
Debt
| Interest coverage ratio | 7.2x |
| Cash | €14.17m |
| Equity | €153.33m |
| Total liabilities | €90.46m |
| Total assets | €243.79m |
Recent financial health updates
Here's Why IRCE (BIT:IRC) Can Manage Its Debt Responsibly
Sep 16
Here's Why IRCE (BIT:IRC) Can Manage Its Debt Responsibly
Sep 15IRCE (BIT:IRC) Is Carrying A Fair Bit Of Debt
Dec 21
Recent 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 (€180.8M) exceed its short term liabilities (€72.0M).
Long Term Liabilities: IRC's short term assets (€180.8M) exceed its long term liabilities (€18.5M).
Debt to Equity History and Analysis
Debt Level: IRC's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: IRC's debt to equity ratio has reduced from 51.1% to 26.1% over the past 5 years.
Debt Coverage: IRC's debt is well covered by operating cash flow (127.6%).
Interest Coverage: IRC's interest payments on its debt are well covered by EBIT (7.2x coverage).