Iren Balance Sheet Health
Financial Health criteria checks 1/6
Iren has a total shareholder equity of €3.0B and total debt of €4.8B, which brings its debt-to-equity ratio to 162.8%. Its total assets and total liabilities are €11.4B and €8.4B respectively. Iren's EBIT is €425.1M making its interest coverage ratio 6.4. It has cash and short-term investments of €779.8M.
Key information
162.8%
Debt to equity ratio
€4.81b
Debt
Interest coverage ratio | 6.4x |
Cash | €779.79m |
Equity | €2.96b |
Total liabilities | €8.43b |
Total assets | €11.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IRDE.Y's short term assets (€3.1B) do not cover its short term liabilities (€3.1B).
Long Term Liabilities: IRDE.Y's short term assets (€3.1B) do not cover its long term liabilities (€5.3B).
Debt to Equity History and Analysis
Debt Level: IRDE.Y's net debt to equity ratio (136.4%) is considered high.
Reducing Debt: IRDE.Y's debt to equity ratio has increased from 131.8% to 162.8% over the past 5 years.
Debt Coverage: IRDE.Y's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: IRDE.Y's interest payments on its debt are well covered by EBIT (6.4x coverage).