PIOLAX Balance Sheet Health
Financial Health criteria checks 6/6
PIOLAX has a total shareholder equity of ¥108.5B and total debt of ¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ¥122.4B and ¥13.9B respectively. PIOLAX's EBIT is ¥4.4B making its interest coverage ratio -7.6. It has cash and short-term investments of ¥38.2B.
Key information
0%
Debt to equity ratio
JP¥0
Debt
| Interest coverage ratio | -7.6x |
| Cash | JP¥38.22b |
| Equity | JP¥108.52b |
| Total liabilities | JP¥13.89b |
| Total assets | JP¥122.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5988's short term assets (¥69.0B) exceed its short term liabilities (¥10.7B).
Long Term Liabilities: 5988's short term assets (¥69.0B) exceed its long term liabilities (¥3.2B).
Debt to Equity History and Analysis
Debt Level: 5988 is debt free.
Reducing Debt: 5988 had no debt 5 years ago.
Debt Coverage: 5988 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 5988 has no debt, therefore coverage of interest payments is not a concern.