Cross Plus Balance Sheet Health
Financial Health criteria checks 6/6
Cross Plus has a total shareholder equity of ¥15.5B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are ¥28.4B and ¥12.8B respectively. Cross Plus's EBIT is ¥1.8B making its interest coverage ratio -30. It has cash and short-term investments of ¥5.7B.
Key information
24.5%
Debt to equity ratio
JP¥3.81b
Debt
Interest coverage ratio | -30x |
Cash | JP¥5.69b |
Equity | JP¥15.52b |
Total liabilities | JP¥12.85b |
Total assets | JP¥28.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3320's short term assets (¥18.7B) exceed its short term liabilities (¥8.7B).
Long Term Liabilities: 3320's short term assets (¥18.7B) exceed its long term liabilities (¥4.1B).
Debt to Equity History and Analysis
Debt Level: 3320 has more cash than its total debt.
Reducing Debt: 3320's debt to equity ratio has reduced from 33.1% to 24.5% over the past 5 years.
Debt Coverage: 3320's debt is well covered by operating cash flow (77.3%).
Interest Coverage: 3320 earns more interest than it pays, so coverage of interest payments is not a concern.