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IRC (FRA:2I8) Debt-to-Equity : 0.23 (As of Jun. 2024)


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What is IRC Debt-to-Equity?

IRC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €21.5 Mil. IRC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €37.3 Mil. IRC's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €258.0 Mil. IRC's debt to equity for the quarter that ended in Jun. 2024 was 0.23.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for IRC's Debt-to-Equity or its related term are showing as below:

FRA:2I8' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17   Med: 0.72   Max: 2.24
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of IRC was 2.24. The lowest was 0.17. And the median was 0.72.

FRA:2I8's Debt-to-Equity is ranked worse than
60.16% of 1280 companies
in the Metals & Mining industry
Industry Median: 0.13 vs FRA:2I8: 0.23

IRC Debt-to-Equity Historical Data

The historical data trend for IRC's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IRC Debt-to-Equity Chart

IRC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.55 0.23 0.17 0.23

IRC Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.17 0.19 0.23 0.23

Competitive Comparison of IRC's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, IRC's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IRC's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, IRC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where IRC's Debt-to-Equity falls into.



IRC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IRC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

IRC's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


IRC  (FRA:2I8) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


IRC Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of IRC's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


IRC Business Description

Traded in Other Exchanges
Address
6H, 9 Queen’s Road Central, Central District, Hong Kong Special Administrative Region, of the People’s Republic of China, Hong Kong, HKG
IRC Ltd operates as an investment holding company, which is engaged in the production and development of iron ore. Its business activity of the firm is operated through various segments namely Mines in Production, Mines in Development, Engineering, and Others. The Mines in Production segment consists of projects in the production phase; the Mines in Development segment includes the exploration and development phase of the iron ore projects; the Engineering segment is engaged in the in-house engineering and scientific expertise related to Giproruda; the Other segment is mainly engaged in the production of vanadium pentoxides and related products. It has geographical business presence in the region of the People's Republic of China and Russia, and majority of its revenue comes from the PRC.

IRC Headlines

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