Cross Plus Balance Sheet Health
Financial Health criteria checks 6/6
Cross Plus has a total shareholder equity of ¥16.2B and total debt of ¥5.7B, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are ¥31.5B and ¥15.2B respectively. Cross Plus's EBIT is ¥1.8B making its interest coverage ratio -28.6. It has cash and short-term investments of ¥5.7B.
Key information
35.4%
Debt to equity ratio
JP¥5.74b
Debt
Interest coverage ratio | -28.6x |
Cash | JP¥5.72b |
Equity | JP¥16.21b |
Total liabilities | JP¥15.25b |
Total assets | JP¥31.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3320's short term assets (¥21.8B) exceed its short term liabilities (¥11.1B).
Long Term Liabilities: 3320's short term assets (¥21.8B) exceed its long term liabilities (¥4.1B).
Debt to Equity History and Analysis
Debt Level: 3320's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: 3320's debt to equity ratio has reduced from 46.6% to 35.4% over the past 5 years.
Debt Coverage: 3320's debt is well covered by operating cash flow (51.2%).
Interest Coverage: 3320 earns more interest than it pays, so coverage of interest payments is not a concern.