FORLIFE Balance Sheet Health
Financial Health criteria checks 3/6
FORLIFE has a total shareholder equity of ¥3.4B and total debt of ¥3.4B, which brings its debt-to-equity ratio to 102%. Its total assets and total liabilities are ¥7.6B and ¥4.3B respectively. FORLIFE's EBIT is ¥200.0M making its interest coverage ratio 3.2. It has cash and short-term investments of ¥2.0B.
Key information
102.0%
Debt to equity ratio
JP¥3.45b
Debt
Interest coverage ratio | 3.2x |
Cash | JP¥1.97b |
Equity | JP¥3.38b |
Total liabilities | JP¥4.26b |
Total assets | JP¥7.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3477's short term assets (¥6.9B) exceed its short term liabilities (¥4.0B).
Long Term Liabilities: 3477's short term assets (¥6.9B) exceed its long term liabilities (¥242.0M).
Debt to Equity History and Analysis
Debt Level: 3477's net debt to equity ratio (43.7%) is considered high.
Reducing Debt: 3477's debt to equity ratio has increased from 78.8% to 102% over the past 5 years.
Debt Coverage: 3477's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: 3477's interest payments on its debt are well covered by EBIT (3.2x coverage).