GRANDES Balance Sheet Health
Financial Health criteria checks 5/6
GRANDES has a total shareholder equity of ¥2.0B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 60.7%. Its total assets and total liabilities are ¥3.7B and ¥1.7B respectively. GRANDES's EBIT is ¥181.0M making its interest coverage ratio 22.6. It has cash and short-term investments of ¥842.0M.
Key information
60.7%
Debt to equity ratio
JP¥1.24b
Debt
| Interest coverage ratio | 22.6x |
| Cash | JP¥842.00m |
| Equity | JP¥2.04b |
| Total liabilities | JP¥1.68b |
| Total assets | JP¥3.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3261's short term assets (¥3.6B) exceed its short term liabilities (¥605.0M).
Long Term Liabilities: 3261's short term assets (¥3.6B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 3261's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: 3261's debt to equity ratio has reduced from 125.7% to 60.7% over the past 5 years.
Debt Coverage: 3261's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3261's interest payments on its debt are well covered by EBIT (22.6x coverage).