Rasa Corporation

TSE:3023 Stock Report

Market Cap: JP¥15.2b

Rasa Balance Sheet Health

Financial Health criteria checks 5/6

Rasa has a total shareholder equity of ¥20.7B and total debt of ¥4.0B, which brings its debt-to-equity ratio to 19.3%. Its total assets and total liabilities are ¥30.7B and ¥10.0B respectively. Rasa's EBIT is ¥2.3B making its interest coverage ratio -143.1. It has cash and short-term investments of ¥3.9B.

Key information

19.3%

Debt to equity ratio

JP¥3.99b

Debt

Interest coverage ratio-143.1x
CashJP¥3.88b
EquityJP¥20.68b
Total liabilitiesJP¥10.01b
Total assetsJP¥30.69b

Recent financial health updates

No updates

Recent updates

Rasa Corporation's (TSE:3023) Subdued P/E Might Signal An Opportunity

Aug 06
Rasa Corporation's (TSE:3023) Subdued P/E Might Signal An Opportunity

Financial Position Analysis

Short Term Liabilities: 3023's short term assets (¥17.8B) exceed its short term liabilities (¥7.2B).

Long Term Liabilities: 3023's short term assets (¥17.8B) exceed its long term liabilities (¥2.8B).

Debt to Equity History and Analysis

Debt Level: 3023's net debt to equity ratio (0.6%) is considered satisfactory.

Reducing Debt: 3023's debt to equity ratio has reduced from 52.1% to 19.3% over the past 5 years.

Debt Coverage: 3023's debt is not well covered by operating cash flow (18%).

Interest Coverage: 3023 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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