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 ratio43x
CashJP¥1.46b
EquityJP¥8.46b
Total liabilitiesJP¥15.16b
Total assetsJP¥23.62b

Recent financial health updates

No updates

Recent updates

First-corporation's (TSE:1430) Anemic Earnings Might Be Worse Than You Think

Jul 19
First-corporation's (TSE:1430) Anemic Earnings Might Be Worse Than You Think

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).


Balance Sheet


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