CORREC Balance Sheet Health
Financial Health criteria checks 5/6
CORREC has a total shareholder equity of ¥1.1B and total debt of ¥638.0M, which brings its debt-to-equity ratio to 57.9%. Its total assets and total liabilities are ¥2.4B and ¥1.3B respectively. CORREC's EBIT is ¥120.0M making its interest coverage ratio 40. It has cash and short-term investments of ¥1.4B.
Key information
57.9%
Debt to equity ratio
JP¥638.00m
Debt
| Interest coverage ratio | 40x |
| Cash | JP¥1.41b |
| Equity | JP¥1.10b |
| Total liabilities | JP¥1.28b |
| Total assets | JP¥2.38b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6578's short term assets (¥2.1B) exceed its short term liabilities (¥1.1B).
Long Term Liabilities: 6578's short term assets (¥2.1B) exceed its long term liabilities (¥148.0M).
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 well covered by operating cash flow (27.4%).
Interest Coverage: 6578's interest payments on its debt are well covered by EBIT (40x coverage).