G-Tekt Balance Sheet Health
Financial Health criteria checks 6/6
G-Tekt has a total shareholder equity of ¥204.5B and total debt of ¥38.3B, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are ¥301.0B and ¥96.5B respectively. G-Tekt's EBIT is ¥15.3B making its interest coverage ratio -69.6. It has cash and short-term investments of ¥41.7B.
Key information
18.7%
Debt to equity ratio
JP¥38.31b
Debt
| Interest coverage ratio | -69.6x |
| Cash | JP¥41.68b |
| Equity | JP¥204.53b |
| Total liabilities | JP¥96.50b |
| Total assets | JP¥301.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5970's short term assets (¥132.8B) exceed its short term liabilities (¥67.0B).
Long Term Liabilities: 5970's short term assets (¥132.8B) exceed its long term liabilities (¥29.5B).
Debt to Equity History and Analysis
Debt Level: 5970 has more cash than its total debt.
Reducing Debt: 5970's debt to equity ratio has reduced from 35% to 18.7% over the past 5 years.
Debt Coverage: 5970's debt is well covered by operating cash flow (78.9%).
Interest Coverage: 5970 earns more interest than it pays, so coverage of interest payments is not a concern.