CORREC Balance Sheet Health
Financial Health criteria checks 3/6
CORREC has a total shareholder equity of ¥1.0B and total debt of ¥578.0M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are ¥2.6B and ¥1.6B respectively. CORREC's EBIT is ¥4.0M making its interest coverage ratio 1.3. It has cash and short-term investments of ¥1.2B.
Key information
57.1%
Debt to equity ratio
JP¥578.00m
Debt
| Interest coverage ratio | 1.3x |
| Cash | JP¥1.24b |
| Equity | JP¥1.01b |
| Total liabilities | JP¥1.58b |
| Total assets | JP¥2.59b |
Recent financial health updates
Is CORREC (TSE:6578) Using Too Much Debt?
Oct 03
We Think NLINKS (TSE:6578) Can Stay On Top Of Its Debt
Mar 01Recent updates
CORREC Co., Ltd.'s (TSE:6578) 28% Share Price Surge Not Quite Adding Up
Nov 15Is CORREC (TSE:6578) Using Too Much Debt?
Oct 03The Market Doesn't Like What It Sees From CORREC Co., Ltd.'s (TSE:6578) Revenues Yet As Shares Tumble 32%
Aug 06What CORREC Co., Ltd.'s (TSE:6578) 25% Share Price Gain Is Not Telling You
May 13Optimistic Investors Push NLINKS Co., Ltd. (TSE:6578) Shares Up 25% But Growth Is Lacking
Mar 15We Think NLINKS (TSE:6578) Can Stay On Top Of Its Debt
Mar 01Financial Position Analysis
Short Term Liabilities: 6578's short term assets (¥2.2B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 6578's short term assets (¥2.2B) exceed its long term liabilities (¥138.0M).
Debt to Equity History and Analysis
Debt Level: 6578 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 6578's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6578's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: 6578's interest payments on its debt are not well covered by EBIT (1.3x coverage).