Create Corporation

TSE:3024 Stock Report

Market Cap: JP¥4.2b

Create Balance Sheet Health

Financial Health criteria checks 6/6

Create has a total shareholder equity of ¥4.9B and total debt of ¥2.7B, which brings its debt-to-equity ratio to 54.2%. Its total assets and total liabilities are ¥18.2B and ¥13.3B respectively. Create's EBIT is ¥541.0M making its interest coverage ratio 49.2. It has cash and short-term investments of ¥1.4B.

Key information

54.2%

Debt to equity ratio

JP¥2.67b

Debt

Interest coverage ratio49.2x
CashJP¥1.45b
EquityJP¥4.93b
Total liabilitiesJP¥13.28b
Total assetsJP¥18.20b

Recent financial health updates

Health Check: How Prudently Does Create (TYO:3024) Use Debt?

Feb 01
Health Check: How Prudently Does Create (TYO:3024) Use Debt?

Recent updates

We Think You Can Look Beyond Create's (TSE:3024) Lackluster Earnings

Nov 14
We Think You Can Look Beyond Create's (TSE:3024) Lackluster Earnings

Create Corporation (TSE:3024) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Jul 16
Create Corporation (TSE:3024) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Health Check: How Prudently Does Create (TYO:3024) Use Debt?

Feb 01
Health Check: How Prudently Does Create (TYO:3024) Use Debt?

Financial Position Analysis

Short Term Liabilities: 3024's short term assets (¥13.8B) exceed its short term liabilities (¥11.1B).

Long Term Liabilities: 3024's short term assets (¥13.8B) exceed its long term liabilities (¥2.2B).

Debt to Equity History and Analysis

Debt Level: 3024's net debt to equity ratio (24.8%) is considered satisfactory.

Reducing Debt: 3024's debt to equity ratio has reduced from 88.4% to 54.2% over the past 5 years.

Debt Coverage: 3024's debt is well covered by operating cash flow (34.9%).

Interest Coverage: 3024's interest payments on its debt are well covered by EBIT (49.2x coverage).

Balance Sheet

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