GMO internet group Balance Sheet Health
Financial Health criteria checks 4/6
GMO internet group has a total shareholder equity of ¥172.8B and total debt of ¥473.6B, which brings its debt-to-equity ratio to 274%. Its total assets and total liabilities are ¥1,757.6B and ¥1,584.8B respectively. GMO internet group's EBIT is ¥42.2B making its interest coverage ratio -59. It has cash and short-term investments of ¥905.4B.
Key information
274.0%
Debt to equity ratio
JP¥473.57b
Debt
Interest coverage ratio | -59x |
Cash | JP¥905.44b |
Equity | JP¥172.84b |
Total liabilities | JP¥1.58t |
Total assets | JP¥1.76t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IQ3's short term assets (¥1,614.3B) exceed its short term liabilities (¥1,307.0B).
Long Term Liabilities: IQ3's short term assets (¥1,614.3B) exceed its long term liabilities (¥277.8B).
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 111.8% to 274% over the past 5 years.
Debt Coverage: IQ3's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: IQ3 earns more interest than it pays, so coverage of interest payments is not a concern.