Open House Group Balance Sheet Health
Financial Health criteria checks 4/6
Open House Group has a total shareholder equity of ¥499.9B and total debt of ¥660.5B, which brings its debt-to-equity ratio to 132.1%. Its total assets and total liabilities are ¥1,291.3B and ¥791.3B respectively. Open House Group's EBIT is ¥144.3B making its interest coverage ratio 56.5. It has cash and short-term investments of ¥354.6B.
Key information
132.1%
Debt to equity ratio
JP¥660.53b
Debt
| Interest coverage ratio | 56.5x |
| Cash | JP¥354.61b |
| Equity | JP¥499.95b |
| Total liabilities | JP¥791.32b |
| Total assets | JP¥1.29t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3288's short term assets (¥1,210.3B) exceed its short term liabilities (¥425.0B).
Long Term Liabilities: 3288's short term assets (¥1,210.3B) exceed its long term liabilities (¥366.3B).
Debt to Equity History and Analysis
Debt Level: 3288's net debt to equity ratio (61.2%) is considered high.
Reducing Debt: 3288's debt to equity ratio has reduced from 214.5% to 132.1% over the past 5 years.
Debt Coverage: 3288's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: 3288's interest payments on its debt are well covered by EBIT (56.5x coverage).