Avex Balance Sheet Health
Financial Health criteria checks 6/6
Avex has a total shareholder equity of ¥56.3B and total debt of ¥7.0M, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are ¥112.1B and ¥55.8B respectively. Avex's EBIT is ¥1.6B making its interest coverage ratio 26.5. It has cash and short-term investments of ¥49.3B.
Key information
0.01%
Debt to equity ratio
JP¥7.00m
Debt
Interest coverage ratio | 26.5x |
Cash | JP¥49.32b |
Equity | JP¥56.31b |
Total liabilities | JP¥55.80b |
Total assets | JP¥112.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AX8's short term assets (¥89.2B) exceed its short term liabilities (¥53.6B).
Long Term Liabilities: AX8's short term assets (¥89.2B) exceed its long term liabilities (¥2.2B).
Debt to Equity History and Analysis
Debt Level: AX8 has more cash than its total debt.
Reducing Debt: AX8's debt to equity ratio has reduced from 50.9% to 0.01% over the past 5 years.
Debt Coverage: AX8's debt is well covered by operating cash flow (81228.6%).
Interest Coverage: AX8's interest payments on its debt are well covered by EBIT (26.5x coverage).