SHIFT Balance Sheet Health
Financial Health criteria checks 6/6
SHIFT has a total shareholder equity of ¥34.5B and total debt of ¥9.6B, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are ¥62.7B and ¥28.2B respectively. SHIFT's EBIT is ¥10.5B making its interest coverage ratio -878.1. It has cash and short-term investments of ¥20.9B.
Key information
27.7%
Debt to equity ratio
JP¥9.58b
Debt
| Interest coverage ratio | -878.1x |
| Cash | JP¥20.87b |
| Equity | JP¥34.52b |
| Total liabilities | JP¥28.20b |
| Total assets | JP¥62.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7CZ's short term assets (¥37.0B) exceed its short term liabilities (¥19.7B).
Long Term Liabilities: 7CZ's short term assets (¥37.0B) exceed its long term liabilities (¥8.5B).
Debt to Equity History and Analysis
Debt Level: 7CZ has more cash than its total debt.
Reducing Debt: 7CZ's debt to equity ratio has reduced from 31% to 27.7% over the past 5 years.
Debt Coverage: 7CZ's debt is well covered by operating cash flow (94.9%).
Interest Coverage: 7CZ earns more interest than it pays, so coverage of interest payments is not a concern.