Freesia Macross Balance Sheet Health
Financial Health criteria checks 3/6
Freesia Macross has a total shareholder equity of ¥18.5B and total debt of ¥9.8B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are ¥31.6B and ¥13.1B respectively. Freesia Macross's EBIT is ¥1.1B making its interest coverage ratio -30.2. It has cash and short-term investments of ¥1.1B.
Key information
52.9%
Debt to equity ratio
JP¥9.79b
Debt
| Interest coverage ratio | -30.2x |
| Cash | JP¥1.12b |
| Equity | JP¥18.51b |
| Total liabilities | JP¥13.10b |
| Total assets | JP¥31.61b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6343's short term assets (¥8.1B) exceed its short term liabilities (¥4.4B).
Long Term Liabilities: 6343's short term assets (¥8.1B) do not cover its long term liabilities (¥8.7B).
Debt to Equity History and Analysis
Debt Level: 6343's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: 6343's debt to equity ratio has reduced from 62.3% to 52.9% over the past 5 years.
Debt Coverage: 6343's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: 6343 earns more interest than it pays, so coverage of interest payments is not a concern.