First-corporation Balance Sheet Health
Financial Health criteria checks 3/6
First-corporation has a total shareholder equity of ¥8.5B and total debt of ¥5.6B, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are ¥23.6B and ¥15.2B respectively. First-corporation's EBIT is ¥1.8B making its interest coverage ratio 43. It has cash and short-term investments of ¥1.5B.
Key information
66.8%
Debt to equity ratio
JP¥5.65b
Debt
| Interest coverage ratio | 43x |
| Cash | JP¥1.46b |
| Equity | JP¥8.46b |
| Total liabilities | JP¥15.16b |
| Total assets | JP¥23.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1430's short term assets (¥23.1B) exceed its short term liabilities (¥13.5B).
Long Term Liabilities: 1430's short term assets (¥23.1B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: 1430's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: Insufficient data to determine if 1430's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 1430's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1430's interest payments on its debt are well covered by EBIT (43x coverage).