Tess HoldingsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tess HoldingsLtd has a total shareholder equity of ¥41.8B and total debt of ¥62.3B, which brings its debt-to-equity ratio to 149.2%. Its total assets and total liabilities are ¥119.1B and ¥77.3B respectively. Tess HoldingsLtd's EBIT is ¥2.4B making its interest coverage ratio 4.4. It has cash and short-term investments of ¥18.3B.
Key information
149.2%
Debt to equity ratio
JP¥62.35b
Debt
| Interest coverage ratio | 4.4x |
| Cash | JP¥18.34b |
| Equity | JP¥41.80b |
| Total liabilities | JP¥77.33b |
| Total assets | JP¥119.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9VI's short term assets (¥36.0B) exceed its short term liabilities (¥23.2B).
Long Term Liabilities: 9VI's short term assets (¥36.0B) do not cover its long term liabilities (¥54.1B).
Debt to Equity History and Analysis
Debt Level: 9VI's net debt to equity ratio (105.3%) is considered high.
Reducing Debt: 9VI's debt to equity ratio has reduced from 462.4% to 149.2% over the past 5 years.
Debt Coverage: 9VI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9VI's interest payments on its debt are well covered by EBIT (4.4x coverage).