IRSA Inversiones y Representaciones SA (IRS) Balance Sheet

NYSE: IRSAssets, liabilities, debt and equity over 10 years.

IRS balance sheet, FY2026

June 30, 2026 · Argentine pesos

ARS 4.85T assets = ARS 2.43T liabilities + ARS 2.42T equity

Both columns are drawn to the same scale: what IRS owns equals what it owes plus shareholders’ equity. Hover a block for its value.

IRS financial health

Current ratio1.75

Comfortable · current assets cover current liabilities 1.75×

Debt / equity0.45

Low leverage · ARS 0.45 of debt for each $1 of equity

Equity / assets47.0%

Equity-funded · of assets funded by shareholders

Cash / debt56.1%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles0.6%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

IRS balance sheet trends, FY2016–FY2026

IRSA Inversiones y Representaciones SA balance sheet trends
Metric	Then	Latest	Change
Total assets	ARS 159.00BFY2016	ARS 4.85TFY2026	+46.2%/yr
Total liabilities	ARS 145.50BFY2016	ARS 2.43TFY2026	+36.8%/yr
Shareholders’ equity	ARS 21.63BFY2016	ARS 2.28TFY2026	+67.8%/yr
Cash & short-term investments	ARS 24.78BFY2016	ARS 572.39BFY2026	+41.7%/yr
Total debt	ARS 112.93BFY2016	ARS 1.02TFY2026	+27.7%/yr
Net cash (debt)	−ARS 88.15BFY2016	−ARS 447.75BFY2026	ARS 359.6B
Working capital	−ARS 837.0MFY2016	ARS 342.25BFY2026	ARS 343.1B
Current ratio	0.98FY2016	1.75FY2026	+0.77
Debt / equity	5.22FY2016	0.45FY2026	−4.77
Shares outstanding	58.7MFY2016	7.8MFY2026	−20.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

IRS assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

IRS liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

IRS debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

IRS balance sheet in Argentine pesos

IRSA Inversiones y Representaciones SA annual balance sheet
	FY2026	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Assets
Cash & short-term investments	ARS 572.39B	ARS 148.96B	ARS 160.30B	ARS 67.30B	ARS 5.10B	ARS 8.36B	ARS 104.36B	ARS 67.29B	ARS 39.14B	ARS 24.78B
Cash & equivalents	ARS 112.99B	ARS 28.30B	ARS 32.45B	ARS 27.54B	ARS 1.93B	ARS 3.17B	ARS 60.48B	ARS 37.32B	ARS 24.85B	ARS 13.87B
Short-term investments	ARS 459.39B	ARS 120.66B	ARS 127.85B	ARS 39.75B	ARS 3.17B	ARS 5.19B	ARS 43.88B	ARS 29.97B	ARS 14.29B	ARS 10.91B
Receivables	ARS 205.47B	ARS 77.27B	ARS 98.84B	ARS 23.46B	ARS 8.64B	ARS 14.17B	ARS 22.93B	ARS 15.35B	ARS 17.60B	ARS 13.30B
Inventory	ARS 19.84B	ARS 1.49B	ARS 1.76B	ARS 685.0M	ARS 186.0M	ARS 305.0M	ARS 1.51B	ARS 3.86B	ARS 5.51B	ARS 3.49B
Other current assets	ARS 17.0M	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 12.47B	ARS 9.52B	ARS 3.24B	ARS 1.20B
Total current assets	ARS 797.72B	ARS 227.72B	ARS 260.91B	ARS 91.45B	ARS 13.92B	ARS 22.83B	ARS 141.28B	ARS 96.02B	ARS 65.49B	ARS 42.76B
Property, plant & equipment (net)	ARS 92.23B	ARS 47.23B	ARS 48.61B	ARS 19.90B	ARS 4.96B	ARS 8.13B	ARS 22.32B	ARS 13.40B	ARS 27.11B	ARS 24.05B
Goodwill & intangible assets	ARS 28.20B	ARS 64.59B	ARS 29.52B	ARS 7.28B	ARS 2.40B	ARS 3.94B	ARS 17.91B	ARS 12.30B	ARS 12.39B	ARS 11.76B
Long-term investments	ARS 292.37B	ARS 139.56B	ARS 38.99B	ARS 16.99B	ARS 13.38B	ARS 77.91B	ARS 38.16B	ARS 34.14B	ARS 15.88B	ARS 21.81B
Other non-current assets	ARS 3.64T	ARS 1.76T	ARS 2.27T	ARS 668.04B	ARS 188.12B	ARS 252.52B	ARS 254.96B	ARS 179.91B	ARS 110.37B	ARS 58.61B
Total assets	ARS 4.85T	ARS 2.24T	ARS 2.64T	ARS 803.67B	ARS 222.78B	ARS 365.32B	ARS 474.63B	ARS 335.77B	ARS 231.24B	ARS 159.00B
Liabilities
Accounts payable	ARS 177.84B	ARS 72.69B	ARS 95.13B	ARS 18.38B	ARS 5.10B	ARS 8.37B	ARS 18.56B	ARS 14.62B	ARS 20.84B	ARS 16.11B
Short-term debt	ARS 181.08B	ARS 183.30B	ARS 152.29B	ARS 133.15B	ARS 15.46B	ARS 25.36B	ARS 45.50B	ARS 25.59B	ARS 19.93B	ARS 22.25B
Deferred revenue	—	−ARS 1.89B	ARS 4.67B	—	ARS 1.52B	ARS 7.17B	ARS 4.18B	ARS 522.0M	ARS 6.52B	ARS 5.13B
Total current liabilities	ARS 455.47B	ARS 273.02B	ARS 264.79B	ARS 186.32B	ARS 22.14B	ARS 36.30B	ARS 73.96B	ARS 46.76B	ARS 46.43B	ARS 43.60B
Long-term debt	ARS 830.99B	ARS 194.41B	ARS 69.97B	ARS 14.20B	ARS 51.99B	ARS 311.19B	ARS 381.64B	ARS 281.66B	ARS 109.49B	ARS 90.68B
Lease obligations	ARS 13.44B	ARS 10.95B	ARS 3.02B	ARS 1.23B	ARS 906.0M	ARS 18.25B	ARS 0	ARS 0	ARS 0	ARS 0
Other long-term liabilities	ARS 1.15T	ARS 620.01B	ARS 870.25B	ARS 237.25B	ARS 65.93B	ARS 0	ARS 0	ARS 0	ARS 27.98B	ARS 65.61B
Total liabilities	ARS 2.43T	ARS 1.09T	ARS 1.21T	ARS 437.77B	ARS 140.06B	ARS 229.67B	ARS 388.81B	ARS 261.23B	ARS 183.91B	ARS 145.50B
Shareholders' equity
Common stock & paid-in capital	ARS 8.37B	ARS 7.18B	ARS 799.0M	ARS 805.0M	ARS 21.27B	ARS 21.27B	ARS 9.87B	ARS 698.0M	ARS 34.6M	ARS 38.5M
Retained earnings (deficit)	ARS 450.90B	ARS 320.17B	ARS 255.00B	ARS 74.72B	−ARS 28.50B	−ARS 28.50B	−ARS 42.55B	ARS 30.90B	ARS 1.16B	ARS 1.09B
Treasury stock	—	—	—	—	ARS 2.0M	ARS 4.0M	ARS 4.0M	ARS 4.0M	ARS 4.0M	ARS 4.0M
Accumulated other comprehensive income	ARS 353.70B	ARS 310.10B	ARS 266.48B	ARS 43.17B	ARS 43.02B	ARS 43.02B	ARS 54.53B	ARS 5.01B	ARS 5.06B	ARS 3.87B
Minority interest	ARS 140.66B	ARS 102.88B	ARS 82.97B	ARS 23.44B	—	—	ARS 0	ARS 0	ARS 0	ARS 0
Total shareholders' equity	ARS 2.28T	ARS 1.08T	ARS 1.36T	ARS 342.46B	ARS 82.72B	ARS 101.39B	ARS 85.82B	ARS 74.54B	ARS 25.86B	ARS 21.63B
Key figures
Total debt	ARS 1.02T	ARS 377.70B	ARS 412.24B	ARS 163.76B	ARS 67.46B	ARS 103.37B	ARS 427.14B	ARS 307.25B	ARS 129.41B	ARS 112.93B
Net cash (debt)	−ARS 447.75B	−ARS 228.74B	−ARS 251.94B	−ARS 96.46B	−ARS 62.36B	−ARS 95.01B	−ARS 322.78B	−ARS 239.96B	−ARS 90.27B	−ARS 88.15B
Working capital	ARS 342.25B	−ARS 45.30B	−ARS 3.88B	−ARS 94.88B	−ARS 8.21B	−ARS 13.47B	ARS 67.32B	ARS 49.26B	ARS 19.06B	−ARS 837.0M
Tangible book value	ARS 2.25T	ARS 1.01T	ARS 1.33T	ARS 335.17B	ARS 80.32B	ARS 97.46B	ARS 67.91B	ARS 62.24B	ARS 13.48B	ARS 9.87B
Shares outstanding	7.8M	74.2M	69.1M	69.8M	543.1M	53.5M	534.3M	58.7M	58.2M	58.7M
Current ratio	1.75	0.83	0.99	0.49	0.63	0.63	1.91	2.05	1.41	0.98
Quick ratio	1.71	0.83	0.98	0.49	0.62	0.62	1.72	1.77	1.22	0.87
Debt / equity	0.45	0.35	0.30	0.48	0.82	1.02	4.98	4.12	5.00	5.22
Equity / assets	47.0%	48.1%	51.3%	42.6%	37.1%	27.8%	18.1%	22.2%	11.2%	13.6%

IRSA Inversiones y Representaciones SA quarterly balance sheet
	Jun '26	Mar '26	Sep '25	Mar '25	Dec '24	Sep '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	ARS 572.39B	ARS 500.69B	ARS 186.06B	ARS 439.41B	ARS 186.06B	ARS 179.62B	ARS 140.53B	ARS 118.33B	ARS 43.15B
Cash & equivalents	ARS 112.99B	ARS 54.47B	ARS 36.66B	ARS 287.95B	ARS 36.66B	ARS 30.24B	ARS 20.98B	ARS 16.04B	ARS 8.73B
Short-term investments	ARS 459.39B	ARS 446.22B	ARS 149.40B	ARS 151.46B	ARS 149.40B	ARS 149.38B	ARS 119.55B	ARS 102.29B	ARS 34.41B
Receivables	ARS 205.47B	ARS 164.39B	ARS 83.74B	ARS 87.94B	ARS 83.74B	ARS 75.82B	ARS 71.23B	ARS 65.56B	ARS 26.60B
Inventory	ARS 19.84B	ARS 50.79B	ARS 1.53B	ARS 28.37B	ARS 1.53B	ARS 1.77B	ARS 1.35B	ARS 958.0M	ARS 475.0M
Other current assets	ARS 17.0M	ARS 0	ARS 1.0M	ARS 997.0M	ARS 1.0M	ARS 77.0M	ARS 84.0M	ARS 0	ARS 0
Total current assets	ARS 797.72B	ARS 715.87B	ARS 271.33B	ARS 556.72B	ARS 271.33B	ARS 257.29B	ARS 213.19B	ARS 184.85B	ARS 70.23B
Property, plant & equipment (net)	ARS 92.23B	ARS 88.30B	ARS 51.58B	ARS 61.97B	ARS 51.58B	ARS 48.10B	ARS 40.69B	ARS 26.88B	ARS 13.08B
Goodwill & intangible assets	ARS 28.20B	ARS 22.42B	ARS 64.28B	ARS 17.33B	ARS 64.28B	ARS 67.89B	ARS 54.49B	ARS 35.88B	ARS 7.95B
Long-term investments	ARS 292.37B	ARS 266.82B	ARS 220.01B	ARS 181.65B	ARS 184.96B	ARS 160.26B	ARS 132.27B	ARS 88.18B	ARS 45.57B
Other non-current assets	ARS 3.64T	ARS 3.21T	ARS 1.89T	ARS 2.24T	ARS 1.93T	ARS 1.75T	ARS 1.38T	ARS 1.32T	ARS 574.78B
Total assets	ARS 4.85T	ARS 4.31T	ARS 2.50T	ARS 3.06T	ARS 2.50T	ARS 2.29T	ARS 1.82T	ARS 1.65T	ARS 711.61B
Liabilities
Accounts payable	ARS 177.84B	ARS 143.82B	ARS 86.65B	ARS 107.28B	ARS 86.65B	ARS 85.89B	ARS 56.53B	ARS 40.85B	ARS 25.61B
Short-term debt	ARS 181.08B	ARS 103.98B	ARS 227.95B	ARS 193.36B	ARS 227.95B	ARS 210.80B	ARS 143.46B	ARS 114.81B	ARS 40.99B
Deferred revenue	—	—	—	—	—	−ARS 1.89B	ARS 199.96B	ARS 9.03B	ARS 4.67B
Total current liabilities	ARS 455.47B	ARS 445.81B	ARS 380.25B	ARS 386.60B	ARS 380.25B	ARS 313.79B	ARS 256.49B	ARS 164.69B	ARS 71.27B
Long-term debt	ARS 830.99B	ARS 798.23B	ARS 589.75B	ARS 494.70B	ARS 227.52B	ARS 173.68B	ARS 178.17B	ARS 202.93B	ARS 90.67B
Lease obligations	ARS 13.44B	ARS 13.18B	ARS 8.74B	ARS 8.06B	ARS 4.19B	ARS 4.09B	ARS 10.22B	ARS 9.56B	ARS 4.44B
Other long-term liabilities	ARS 1.15T	ARS 1.03T	ARS 295.27B	ARS 751.73B	ARS 657.50B	ARS 633.51B	ARS 452.48B	ARS 445.86B	ARS 162.39B
Total liabilities	ARS 2.43T	ARS 2.27T	ARS 1.27T	ARS 1.63T	ARS 1.27T	ARS 1.12T	ARS 887.14B	ARS 813.47B	ARS 324.34B
Shareholders' equity
Common stock & paid-in capital	ARS 8.37B	ARS 8.02B	ARS 7.39B	ARS 7.49B	ARS 7.39B	ARS 7.12B	ARS 7.26B	ARS 185.50B	ARS 83.23B
Retained earnings (deficit)	ARS 450.90B	ARS 281.29B	−ARS 2.00B	ARS 74.42B	−ARS 2.00B	−ARS 90.17B	−ARS 78.63B	ARS 158.86B	ARS 68.64B
Accumulated other comprehensive income	ARS 353.70B	ARS 329.70B	ARS 201.41B	ARS 226.18B	ARS 201.41B	ARS 254.58B	ARS 257.05B	ARS 169.37B	ARS 71.73B
Minority interest	ARS 140.66B	ARS 115.88B	ARS 106.63B	ARS 89.92B	—	—	—	—	—
Total shareholders' equity	ARS 2.28T	ARS 1.92T	ARS 1.16T	ARS 1.34T	ARS 1.16T	ARS 1.09T	ARS 872.52B	ARS 788.46B	ARS 364.94B
Key figures
Total debt	ARS 1.02T	ARS 910.04B	ARS 455.48B	ARS 691.18B	ARS 455.48B	ARS 384.48B	ARS 330.23B	ARS 325.91B	ARS 131.67B
Net cash (debt)	−ARS 447.75B	−ARS 409.35B	−ARS 269.42B	−ARS 251.77B	−ARS 269.42B	−ARS 204.86B	−ARS 189.70B	−ARS 207.58B	−ARS 88.52B
Working capital	ARS 342.25B	ARS 270.06B	−ARS 108.91B	ARS 170.11B	−ARS 108.91B	−ARS 56.49B	−ARS 43.29B	ARS 20.16B	−ARS 1.05B
Tangible book value	ARS 2.25T	ARS 1.90T	ARS 1.09T	ARS 1.32T	ARS 1.09T	ARS 1.02T	ARS 818.03B	ARS 752.57B	ARS 357.00B
Shares outstanding	7.8M	84.5M	84.5M	84.7M	84.5M	73.3M	74.5M	74.7M	812.3M
Current ratio	1.75	1.61	0.71	1.44	0.71	0.82	0.83	1.12	0.99
Quick ratio	1.71	1.49	0.71	1.36	0.71	0.81	0.83	1.12	0.98
Debt / equity	0.45	0.47	0.39	0.52	0.39	0.35	0.38	0.41	0.36
Equity / assets	47.0%	44.6%	46.2%	43.7%	46.2%	47.7%	48.0%	47.8%	51.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported (latest annual report filed June 30, 2026); data from EODHD.

IRS financial position

At the end of fiscal 2026 (June 30, 2026), IRSA Inversiones y Representaciones had total assets of ARS 4.85 trillion (up 116.6% from a year earlier), total liabilities of ARS 2.43 trillion and shareholders' equity of ARS 2.28 trillion. It held ARS 572.4 billion in cash and short-term investments against ARS 1.02 trillion of debt, net debt of ARS 447.8 billion. Its current ratio was 1.75.

Related: IRS income statement, IRS cash flow statement, IRS key metrics. See the IRS stock overview for the latest quote and news.

IRS balance sheet FAQ

What are IRSA Inversiones y Representaciones's total assets?

IRSA Inversiones y Representaciones reported total assets of ARS 4.85 trillion at the end of fiscal 2026 (June 30, 2026), compared with ARS 2.24 trillion a year earlier.

How much debt does IRSA Inversiones y Representaciones have?

IRSA Inversiones y Representaciones had ARS 1.02 trillion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.45.

How much cash does IRSA Inversiones y Representaciones have?

IRSA Inversiones y Representaciones held ARS 572.4 billion in cash and short-term investments at the end of fiscal 2026; with ARS 1.02 trillion of debt that is net debt of ARS 447.8 billion.

What is IRSA Inversiones y Representaciones's book value?

IRSA Inversiones y Representaciones's shareholders' equity (book value) was ARS 2.28 trillion at the end of fiscal 2026.

What is IRSA Inversiones y Representaciones's current ratio?

IRSA Inversiones y Representaciones had current assets of ARS 797.7 billion and current liabilities of ARS 455.5 billion, a current ratio of 1.75 (it can cover its short-term obligations).

How much goodwill does IRSA Inversiones y Representaciones have?

IRSA Inversiones y Representaciones carried ARS 28.2 billion of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2026.