Rasa Balance Sheet Health
Financial Health criteria checks 6/6
Rasa has a total shareholder equity of ¥20.3B and total debt of ¥4.4B, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are ¥31.0B and ¥10.7B respectively. Rasa's EBIT is ¥2.2B making its interest coverage ratio -124.8. It has cash and short-term investments of ¥4.0B.
Key information
21.6%
Debt to equity ratio
JP¥4.38b
Debt
Interest coverage ratio | -124.8x |
Cash | JP¥4.05b |
Equity | JP¥20.33b |
Total liabilities | JP¥10.68b |
Total assets | JP¥31.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3023's short term assets (¥18.0B) exceed its short term liabilities (¥7.8B).
Long Term Liabilities: 3023's short term assets (¥18.0B) exceed its long term liabilities (¥2.8B).
Debt to Equity History and Analysis
Debt Level: 3023's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 3023's debt to equity ratio has reduced from 50.3% to 21.6% over the past 5 years.
Debt Coverage: 3023's debt is well covered by operating cash flow (51.3%).
Interest Coverage: 3023 earns more interest than it pays, so coverage of interest payments is not a concern.