IRIS Corporation Berhad Balance Sheet Health
Financial Health criteria checks 6/6
IRIS Berhad has a total shareholder equity of MYR373.2M and total debt of MYR7.5M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are MYR651.2M and MYR278.0M respectively. IRIS Berhad's EBIT is MYR40.5M making its interest coverage ratio -11. It has cash and short-term investments of MYR129.0M.
Key information
2.0%
Debt to equity ratio
RM7.54m
Debt
| Interest coverage ratio | -11x |
| Cash | RM129.04m |
| Equity | RM373.21m |
| Total liabilities | RM277.99m |
| Total assets | RM651.20m |
Recent financial health updates
IRIS Corporation Berhad (KLSE:IRIS) Seems To Use Debt Quite Sensibly
Jul 15
Is IRIS Corporation Berhad (KLSE:IRIS) Using Debt In A Risky Way?
Jul 14IRIS Corporation Berhad (KLSE:IRIS) Has A Pretty Healthy Balance Sheet
Mar 22Does IRIS Corporation Berhad (KLSE:IRIS) Have A Healthy Balance Sheet?
Dec 06Recent updates
Investor Optimism Abounds IRIS Corporation Berhad (KLSE:IRIS) But Growth Is Lacking
Apr 19Returns At IRIS Corporation Berhad (KLSE:IRIS) Are On The Way Up
Jan 18Shareholders Will Probably Hold Off On Increasing IRIS Corporation Berhad's (KLSE:IRIS) CEO Compensation For The Time Being
Sep 20Investors Will Want IRIS Corporation Berhad's (KLSE:IRIS) Growth In ROCE To Persist
Aug 11IRIS Corporation Berhad (KLSE:IRIS) Seems To Use Debt Quite Sensibly
Jul 15Is IRIS Corporation Berhad (KLSE:IRIS) Using Debt In A Risky Way?
Jul 14Returns On Capital Are Showing Encouraging Signs At IRIS Corporation Berhad (KLSE:IRIS)
Apr 17IRIS Corporation Berhad (KLSE:IRIS) Has A Pretty Healthy Balance Sheet
Mar 22Could The IRIS Corporation Berhad (KLSE:IRIS) Ownership Structure Tell Us Something Useful?
Feb 24Did You Miss IRIS Corporation Berhad's (KLSE:IRIS) Impressive 193% Share Price Gain?
Jan 28
What We Make Of IRIS Corporation Berhad's (KLSE:IRIS) Returns On Capital
Jan 02Does IRIS Corporation Berhad (KLSE:IRIS) Have A Healthy Balance Sheet?
Dec 06Financial Position Analysis
Short Term Liabilities: IRIS's short term assets (MYR455.0M) exceed its short term liabilities (MYR267.5M).
Long Term Liabilities: IRIS's short term assets (MYR455.0M) exceed its long term liabilities (MYR10.5M).
Debt to Equity History and Analysis
Debt Level: IRIS has more cash than its total debt.
Reducing Debt: IRIS's debt to equity ratio has reduced from 61.2% to 2% over the past 5 years.
Debt Coverage: IRIS's debt is well covered by operating cash flow (540.5%).
Interest Coverage: IRIS earns more interest than it pays, so coverage of interest payments is not a concern.