Tess HoldingsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tess HoldingsLtd has a total shareholder equity of ¥41.3B and total debt of ¥85.0B, which brings its debt-to-equity ratio to 205.7%. Its total assets and total liabilities are ¥142.5B and ¥101.1B respectively. Tess HoldingsLtd's EBIT is ¥2.6B making its interest coverage ratio 4.3. It has cash and short-term investments of ¥21.8B.
Key information
205.7%
Debt to equity ratio
JP¥84.98b
Debt
| Interest coverage ratio | 4.3x |
| Cash | JP¥21.80b |
| Equity | JP¥41.31b |
| Total liabilities | JP¥101.15b |
| Total assets | JP¥142.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9VI's short term assets (¥41.0B) exceed its short term liabilities (¥25.0B).
Long Term Liabilities: 9VI's short term assets (¥41.0B) do not cover its long term liabilities (¥76.1B).
Debt to Equity History and Analysis
Debt Level: 9VI's net debt to equity ratio (153%) is considered high.
Reducing Debt: 9VI's debt to equity ratio has reduced from 532.7% to 205.7% 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 (4.3x coverage).