Serendip HoldingsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Serendip HoldingsLtd has a total shareholder equity of ¥5.6B and total debt of ¥7.6B, which brings its debt-to-equity ratio to 135.3%. Its total assets and total liabilities are ¥18.9B and ¥13.3B respectively. Serendip HoldingsLtd's EBIT is ¥367.0M making its interest coverage ratio -26.2. It has cash and short-term investments of ¥4.2B.
Key information
135.3%
Debt to equity ratio
JP¥7.63b
Debt
| Interest coverage ratio | -26.2x |
| Cash | JP¥4.20b |
| Equity | JP¥5.64b |
| Total liabilities | JP¥13.30b |
| Total assets | JP¥18.94b |
Recent financial health updates
Recent updates
Serendip Holdings Co.,Ltd. (TSE:7318) Not Doing Enough For Some Investors As Its Shares Slump 39%
Aug 05
Some Serendip Holdings Co.,Ltd. (TSE:7318) Shareholders Look For Exit As Shares Take 29% Pounding
May 30We Think Serendip HoldingsLtd (TSE:7318) Can Stay On Top Of Its Debt
May 09Pinning Down Serendip Holdings Co.,Ltd.'s (TSE:7318) P/E Is Difficult Right Now
Mar 05Financial Position Analysis
Short Term Liabilities: 7318's short term assets (¥8.7B) exceed its short term liabilities (¥6.9B).
Long Term Liabilities: 7318's short term assets (¥8.7B) exceed its long term liabilities (¥6.4B).
Debt to Equity History and Analysis
Debt Level: 7318's net debt to equity ratio (60.9%) is considered high.
Reducing Debt: 7318's debt to equity ratio has reduced from 285.5% to 135.3% over the past 5 years.
Debt Coverage: 7318's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 7318 earns more interest than it pays, so coverage of interest payments is not a concern.