First-corporation Balance Sheet Health
Financial Health criteria checks 4/6
First-corporation has a total shareholder equity of ¥7.9B and total debt of ¥3.9B, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are ¥21.5B and ¥13.5B respectively. First-corporation's EBIT is ¥2.0B making its interest coverage ratio 64. It has cash and short-term investments of ¥5.1B.
Key information
49.7%
Debt to equity ratio
JP¥3.94b
Debt
Interest coverage ratio | 64x |
Cash | JP¥5.06b |
Equity | JP¥7.92b |
Total liabilities | JP¥13.54b |
Total assets | JP¥21.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1430's short term assets (¥20.8B) exceed its short term liabilities (¥10.3B).
Long Term Liabilities: 1430's short term assets (¥20.8B) exceed its long term liabilities (¥3.3B).
Debt to Equity History and Analysis
Debt Level: 1430 has more cash than its total debt.
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 (64x coverage).