Freesia Macross Balance Sheet Health
Financial Health criteria checks 3/6
Freesia Macross has a total shareholder equity of ¥17.5B and total debt of ¥9.9B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are ¥30.5B and ¥13.0B respectively. Freesia Macross's EBIT is ¥1.0B making its interest coverage ratio 34.4. It has cash and short-term investments of ¥1.5B.
Key information
56.7%
Debt to equity ratio
JP¥9.92b
Debt
Interest coverage ratio | 34.4x |
Cash | JP¥1.50b |
Equity | JP¥17.49b |
Total liabilities | JP¥12.99b |
Total assets | JP¥30.48b |
Financial Position Analysis
Short Term Liabilities: 6343's short term assets (¥8.3B) exceed its short term liabilities (¥3.9B).
Long Term Liabilities: 6343's short term assets (¥8.3B) do not cover its long term liabilities (¥9.0B).
Debt to Equity History and Analysis
Debt Level: 6343's net debt to equity ratio (48.1%) is considered high.
Reducing Debt: 6343's debt to equity ratio has reduced from 66.3% to 56.7% over the past 5 years.
Debt Coverage: 6343's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: 6343's interest payments on its debt are well covered by EBIT (34.4x coverage).