Advanex Balance Sheet Health
Financial Health criteria checks 3/6
Advanex has a total shareholder equity of ¥7.7B and total debt of ¥13.0B, which brings its debt-to-equity ratio to 168.1%. Its total assets and total liabilities are ¥28.2B and ¥20.5B respectively. Advanex's EBIT is ¥573.0M making its interest coverage ratio 1.9. It has cash and short-term investments of ¥5.0B.
Key information
168.1%
Debt to equity ratio
JP¥13.01b
Debt
| Interest coverage ratio | 1.9x |
| Cash | JP¥4.99b |
| Equity | JP¥7.74b |
| Total liabilities | JP¥20.45b |
| Total assets | JP¥28.19b |
Recent financial health updates
Recent updates
Advanex Inc. (TSE:5998) May Have Run Too Fast Too Soon With Recent 35% Price Plummet
Aug 05
Does Advanex (TSE:5998) Have A Healthy Balance Sheet?
Jul 30Statutory Profit Doesn't Reflect How Good Advanex's (TSE:5998) Earnings Are
May 21More Unpleasant Surprises Could Be In Store For Advanex Inc.'s (TSE:5998) Shares After Tumbling 30%
May 13Advanex Inc. (TSE:5998) Stock Rockets 30% But Many Are Still Ignoring The Company
Mar 11Financial Position Analysis
Short Term Liabilities: 5998's short term assets (¥15.1B) exceed its short term liabilities (¥13.9B).
Long Term Liabilities: 5998's short term assets (¥15.1B) exceed its long term liabilities (¥6.5B).
Debt to Equity History and Analysis
Debt Level: 5998's net debt to equity ratio (103.6%) is considered high.
Reducing Debt: 5998's debt to equity ratio has reduced from 194.7% to 168.1% over the past 5 years.
Debt Coverage: 5998's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 5998's interest payments on its debt are not well covered by EBIT (1.9x coverage).