Canox Balance Sheet Health
Financial Health criteria checks 3/6
Canox has a total shareholder equity of ¥28.6B and total debt of ¥32.6B, which brings its debt-to-equity ratio to 114.1%. Its total assets and total liabilities are ¥89.2B and ¥60.6B respectively. Canox's EBIT is ¥2.7B making its interest coverage ratio -22.5. It has cash and short-term investments of ¥5.3B.
Key information
114.1%
Debt to equity ratio
JP¥32.64b
Debt
Interest coverage ratio | -22.5x |
Cash | JP¥5.29b |
Equity | JP¥28.61b |
Total liabilities | JP¥60.60b |
Total assets | JP¥89.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8076's short term assets (¥74.1B) exceed its short term liabilities (¥49.1B).
Long Term Liabilities: 8076's short term assets (¥74.1B) exceed its long term liabilities (¥11.5B).
Debt to Equity History and Analysis
Debt Level: 8076's net debt to equity ratio (95.6%) is considered high.
Reducing Debt: 8076's debt to equity ratio has increased from 56.5% to 114.1% over the past 5 years.
Debt Coverage: 8076's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8076 earns more interest than it pays, so coverage of interest payments is not a concern.