Pressance Balance Sheet Health
Financial Health criteria checks 5/6
Pressance has a total shareholder equity of ¥189.2B and total debt of ¥105.5B, which brings its debt-to-equity ratio to 55.8%. Its total assets and total liabilities are ¥312.8B and ¥123.7B respectively. Pressance's EBIT is ¥23.9B making its interest coverage ratio 45.4. It has cash and short-term investments of ¥98.4B.
Key information
55.8%
Debt to equity ratio
JP¥105.53b
Debt
| Interest coverage ratio | 45.4x |
| Cash | JP¥98.40b |
| Equity | JP¥189.17b |
| Total liabilities | JP¥123.68b |
| Total assets | JP¥312.85b |
Recent financial health updates
Pressance (TSE:3254) Seems To Use Debt Quite Sensibly
Aug 01
Does Pressance (TSE:3254) Have A Healthy Balance Sheet?
Apr 26Recent updates
Pressance Corporation's (TSE:3254) Share Price Is Matching Sentiment Around Its Earnings
Oct 23Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00
Sep 19Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00
Aug 15Pressance (TSE:3254) Seems To Use Debt Quite Sensibly
Aug 01Does Pressance (TSE:3254) Have A Healthy Balance Sheet?
Apr 26Pressance's (TSE:3254) Dividend Will Be ¥21.00
Mar 25Pressance (TSE:3254) Has Announced A Dividend Of ¥21.00
Feb 28Financial Position Analysis
Short Term Liabilities: 3254's short term assets (¥290.2B) exceed its short term liabilities (¥34.7B).
Long Term Liabilities: 3254's short term assets (¥290.2B) exceed its long term liabilities (¥89.0B).
Debt to Equity History and Analysis
Debt Level: 3254's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: 3254's debt to equity ratio has reduced from 162.4% to 55.8% over the past 5 years.
Debt Coverage: 3254's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3254's interest payments on its debt are well covered by EBIT (45.4x coverage).