Create Balance Sheet Health
Financial Health criteria checks 5/6
Create has a total shareholder equity of ¥5.0B and total debt of ¥3.6B, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are ¥19.6B and ¥14.6B respectively. Create's EBIT is ¥596.0M making its interest coverage ratio 59.6. It has cash and short-term investments of ¥1.8B.
Key information
72.9%
Debt to equity ratio
JP¥3.65b
Debt
Interest coverage ratio | 59.6x |
Cash | JP¥1.83b |
Equity | JP¥5.00b |
Total liabilities | JP¥14.62b |
Total assets | JP¥19.62b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3024's short term assets (¥15.4B) exceed its short term liabilities (¥12.2B).
Long Term Liabilities: 3024's short term assets (¥15.4B) exceed its long term liabilities (¥2.5B).
Debt to Equity History and Analysis
Debt Level: 3024's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: 3024's debt to equity ratio has reduced from 91.6% to 72.9% over the past 5 years.
Debt Coverage: 3024's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 3024's interest payments on its debt are well covered by EBIT (59.6x coverage).