GMO internet group Balance Sheet Health
Financial Health criteria checks 4/6
GMO internet group has a total shareholder equity of ¥184.9B and total debt of ¥527.9B, which brings its debt-to-equity ratio to 285.5%. Its total assets and total liabilities are ¥1,874.7B and ¥1,689.8B respectively. GMO internet group's EBIT is ¥47.9B making its interest coverage ratio 113. It has cash and short-term investments of ¥919.4B.
Key information
285.5%
Debt to equity ratio
JP¥527.89b
Debt
| Interest coverage ratio | 113x |
| Cash | JP¥919.36b |
| Equity | JP¥184.90b |
| Total liabilities | JP¥1.69t |
| Total assets | JP¥1.87t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IQ3's short term assets (¥1,677.3B) exceed its short term liabilities (¥1,356.1B).
Long Term Liabilities: IQ3's short term assets (¥1,677.3B) exceed its long term liabilities (¥333.8B).
Debt to Equity History and Analysis
Debt Level: IQ3 has more cash than its total debt.
Reducing Debt: IQ3's debt to equity ratio has increased from 129.2% to 285.5% over the past 5 years.
Debt Coverage: IQ3's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: IQ3's interest payments on its debt are well covered by EBIT (113x coverage).