G-Tekt Balance Sheet Health
Financial Health criteria checks 6/6
G-Tekt has a total shareholder equity of ¥214.7B and total debt of ¥39.8B, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are ¥316.6B and ¥101.9B respectively. G-Tekt's EBIT is ¥16.7B making its interest coverage ratio -179.5. It has cash and short-term investments of ¥44.0B.
Key information
18.5%
Debt to equity ratio
JP¥39.78b
Debt
| Interest coverage ratio | -179.5x |
| Cash | JP¥43.97b |
| Equity | JP¥214.73b |
| Total liabilities | JP¥101.88b |
| Total assets | JP¥316.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5970's short term assets (¥136.6B) exceed its short term liabilities (¥73.3B).
Long Term Liabilities: 5970's short term assets (¥136.6B) exceed its long term liabilities (¥28.6B).
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 34.1% to 18.5% over the past 5 years.
Debt Coverage: 5970's debt is well covered by operating cash flow (94.2%).
Interest Coverage: 5970 earns more interest than it pays, so coverage of interest payments is not a concern.