e'grandLtd Balance Sheet Health
Financial Health criteria checks 4/6
e'grandLtd has a total shareholder equity of ¥10.6B and total debt of ¥16.2B, which brings its debt-to-equity ratio to 153.7%. Its total assets and total liabilities are ¥27.9B and ¥17.3B respectively. e'grandLtd's EBIT is ¥1.6B making its interest coverage ratio 8.3. It has cash and short-term investments of ¥4.8B.
Key information
153.7%
Debt to equity ratio
JP¥16.25b
Debt
Interest coverage ratio | 8.3x |
Cash | JP¥4.81b |
Equity | JP¥10.57b |
Total liabilities | JP¥17.34b |
Total assets | JP¥27.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3294's short term assets (¥24.3B) exceed its short term liabilities (¥9.1B).
Long Term Liabilities: 3294's short term assets (¥24.3B) exceed its long term liabilities (¥8.2B).
Debt to Equity History and Analysis
Debt Level: 3294's net debt to equity ratio (108.2%) is considered high.
Reducing Debt: 3294's debt to equity ratio has reduced from 159.3% to 153.7% over the past 5 years.
Debt Coverage: 3294's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3294's interest payments on its debt are well covered by EBIT (8.3x coverage).