Iren SpA

BIT:IRE Stock Report

Market Cap: €2.5b

Iren Balance Sheet Health

Financial Health criteria checks 2/6

Iren has a total shareholder equity of €3.3B and total debt of €5.7B, which brings its debt-to-equity ratio to 172.7%. Its total assets and total liabilities are €12.4B and €9.1B respectively. Iren's EBIT is €493.6M making its interest coverage ratio 5.4. It has cash and short-term investments of €1.4B.

Key information

172.7%

Debt to equity ratio

€5.66b

Debt

Interest coverage ratio5.4x
Cash€1.41b
Equity€3.28b
Total liabilities€9.10b
Total assets€12.37b

Recent financial health updates

Iren (BIT:IRE) Takes On Some Risk With Its Use Of Debt

Jun 02
Iren (BIT:IRE) Takes On Some Risk With Its Use Of Debt

Does Iren (BIT:IRE) Have A Healthy Balance Sheet?

Feb 12
Does Iren (BIT:IRE) Have A Healthy Balance Sheet?

Iren (BIT:IRE) Has No Shortage Of Debt

Aug 14
Iren (BIT:IRE) Has No Shortage Of Debt

Iren (BIT:IRE) Has A Somewhat Strained Balance Sheet

Mar 25
Iren (BIT:IRE) Has A Somewhat Strained Balance Sheet

We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Oct 19
We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Here's Why Iren (BIT:IRE) Has A Meaningful Debt Burden

May 10
Here's Why Iren (BIT:IRE) Has A Meaningful Debt Burden

Recent updates

Iren SpA Recorded A 27% Miss On Revenue: Analysts Are Revisiting Their Models

Nov 15
Iren SpA Recorded A 27% Miss On Revenue: Analysts Are Revisiting Their Models

What Is Iren SpA's (BIT:IRE) Share Price Doing?

Sep 03
What Is Iren SpA's (BIT:IRE) Share Price Doing?

Iren SpA's (BIT:IRE) Low P/E No Reason For Excitement

Aug 18
Iren SpA's (BIT:IRE) Low P/E No Reason For Excitement

Iren (BIT:IRE) Takes On Some Risk With Its Use Of Debt

Jun 02
Iren (BIT:IRE) Takes On Some Risk With Its Use Of Debt

Growth Investors: Industry Analysts Just Upgraded Their Iren SpA (BIT:IRE) Revenue Forecasts By 13%

May 11
Growth Investors: Industry Analysts Just Upgraded Their Iren SpA (BIT:IRE) Revenue Forecasts By 13%

Some Analysts Just Cut Their Iren SpA (BIT:IRE) Estimates

Apr 04
Some Analysts Just Cut Their Iren SpA (BIT:IRE) Estimates

Does Iren (BIT:IRE) Have A Healthy Balance Sheet?

Feb 12
Does Iren (BIT:IRE) Have A Healthy Balance Sheet?

Iren SpA's (BIT:IRE) Low P/E No Reason For Excitement

Jan 25
Iren SpA's (BIT:IRE) Low P/E No Reason For Excitement

Iren (BIT:IRE) May Have Issues Allocating Its Capital

Dec 23
Iren (BIT:IRE) May Have Issues Allocating Its Capital

Calculating The Fair Value Of Iren SpA (BIT:IRE)

Dec 08
Calculating The Fair Value Of Iren SpA (BIT:IRE)

Iren (BIT:IRE) Is Reinvesting At Lower Rates Of Return

Sep 01
Iren (BIT:IRE) Is Reinvesting At Lower Rates Of Return

Iren (BIT:IRE) Has No Shortage Of Debt

Aug 14
Iren (BIT:IRE) Has No Shortage Of Debt

Calculating The Intrinsic Value Of Iren SpA (BIT:IRE)

Jul 06
Calculating The Intrinsic Value Of Iren SpA (BIT:IRE)

Is There Now An Opportunity In Iren SpA (BIT:IRE)?

Jun 16
Is There Now An Opportunity In Iren SpA (BIT:IRE)?

Iren (BIT:IRE) Hasn't Managed To Accelerate Its Returns

Apr 13
Iren (BIT:IRE) Hasn't Managed To Accelerate Its Returns

The Iren SpA (BIT:IRE) Analysts Have Been Trimming Their Sales Forecasts

Mar 29
The Iren SpA (BIT:IRE) Analysts Have Been Trimming Their Sales Forecasts

Iren (BIT:IRE) Has A Somewhat Strained Balance Sheet

Mar 25
Iren (BIT:IRE) Has A Somewhat Strained Balance Sheet

Is Iren SpA (BIT:IRE) Potentially Undervalued?

Feb 15
Is Iren SpA (BIT:IRE) Potentially Undervalued?

Estimating The Intrinsic Value Of Iren SpA (BIT:IRE)

Jan 09
Estimating The Intrinsic Value Of Iren SpA (BIT:IRE)

Here's What's Concerning About Iren's (BIT:IRE) Returns On Capital

Nov 27
Here's What's Concerning About Iren's (BIT:IRE) Returns On Capital

Is It Too Late To Consider Buying Iren SpA (BIT:IRE)?

Nov 06
Is It Too Late To Consider Buying Iren SpA (BIT:IRE)?

We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Oct 19
We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Iren SpA's (BIT:IRE) Intrinsic Value Is Potentially 83% Above Its Share Price

Sep 28
Iren SpA's (BIT:IRE) Intrinsic Value Is Potentially 83% Above Its Share Price

Returns On Capital At Iren (BIT:IRE) Have Hit The Brakes

Aug 17
Returns On Capital At Iren (BIT:IRE) Have Hit The Brakes

Analysts' Revenue Estimates For Iren SpA (BIT:IRE) Are Surging Higher

Jul 30
Analysts' Revenue Estimates For Iren SpA (BIT:IRE) Are Surging Higher

A Look At The Intrinsic Value Of Iren SpA (BIT:IRE)

Jun 23
A Look At The Intrinsic Value Of Iren SpA (BIT:IRE)

Here's Why Iren (BIT:IRE) Has A Meaningful Debt Burden

May 10
Here's Why Iren (BIT:IRE) Has A Meaningful Debt Burden

Iren's (BIT:IRE) Returns Have Hit A Wall

Apr 19
Iren's (BIT:IRE) Returns Have Hit A Wall

Calculating The Fair Value Of Iren SpA (BIT:IRE)

Mar 06
Calculating The Fair Value Of Iren SpA (BIT:IRE)

Does Iren (BIT:IRE) Have A Healthy Balance Sheet?

Feb 02
Does Iren (BIT:IRE) Have A Healthy Balance Sheet?

The Returns On Capital At Iren (BIT:IRE) Don't Inspire Confidence

Jan 18
The Returns On Capital At Iren (BIT:IRE) Don't Inspire Confidence

What Does Iren SpA's (BIT:IRE) Share Price Indicate?

Jan 03
What Does Iren SpA's (BIT:IRE) Share Price Indicate?

Calculating The Intrinsic Value Of Iren SpA (BIT:IRE)

Dec 02
Calculating The Intrinsic Value Of Iren SpA (BIT:IRE)

We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Nov 03
We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Capital Allocation Trends At Iren (BIT:IRE) Aren't Ideal

Oct 08
Capital Allocation Trends At Iren (BIT:IRE) Aren't Ideal

Is It Time To Consider Buying Iren SpA (BIT:IRE)?

Sep 25
Is It Time To Consider Buying Iren SpA (BIT:IRE)?

Iren SpA (BIT:IRE) Shares Could Be 39% Below Their Intrinsic Value Estimate

Aug 25
Iren SpA (BIT:IRE) Shares Could Be 39% Below Their Intrinsic Value Estimate

Here's Why Iren (BIT:IRE) Has A Meaningful Debt Burden

Jul 24
Here's Why Iren (BIT:IRE) Has A Meaningful Debt Burden

Here's What's Concerning About Iren's (BIT:IRE) Returns On Capital

Jul 07
Here's What's Concerning About Iren's (BIT:IRE) Returns On Capital

Is There An Opportunity With Iren SpA's (BIT:IRE) 38% Undervaluation?

May 18
Is There An Opportunity With Iren SpA's (BIT:IRE) 38% Undervaluation?

Is Now An Opportune Moment To Examine Iren SpA (BIT:IRE)?

May 03
Is Now An Opportune Moment To Examine Iren SpA (BIT:IRE)?

We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Apr 19
We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

Our Take On The Returns On Capital At Iren (BIT:IRE)

Mar 11
Our Take On The Returns On Capital At Iren (BIT:IRE)

Read This Before Buying Iren SpA (BIT:IRE) For Its Dividend

Feb 26
Read This Before Buying Iren SpA (BIT:IRE) For Its Dividend

Iren SpA's (BIT:IRE) Intrinsic Value Is Potentially 95% Above Its Share Price

Feb 13
Iren SpA's (BIT:IRE) Intrinsic Value Is Potentially 95% Above Its Share Price

Is Now The Time To Look At Buying Iren SpA (BIT:IRE)?

Feb 01
Is Now The Time To Look At Buying Iren SpA (BIT:IRE)?

Did You Participate In Any Of Iren's (BIT:IRE) Respectable 93% Return?

Jan 18
Did You Participate In Any Of Iren's (BIT:IRE) Respectable 93% Return?

Is Iren SpA's (BIT:IRE) 8.5% ROE Better Than Average?

Jan 04
Is Iren SpA's (BIT:IRE) 8.5% ROE Better Than Average?

Financial Position Analysis

Short Term Liabilities: IRE's short term assets (€3.0B) do not cover its short term liabilities (€3.3B).

Long Term Liabilities: IRE's short term assets (€3.0B) do not cover its long term liabilities (€5.8B).

Debt to Equity History and Analysis

Debt Level: IRE's net debt to equity ratio (129.6%) is considered high.

Reducing Debt: IRE's debt to equity ratio has increased from 128.5% to 172.7% over the past 5 years.

Debt Coverage: IRE's debt is well covered by operating cash flow (21.2%).

Interest Coverage: IRE's interest payments on its debt are well covered by EBIT (5.4x coverage).

Balance Sheet

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