Globeride Balance Sheet Health
Financial Health criteria checks 5/6
Globeride has a total shareholder equity of ¥56.6B and total debt of ¥24.0B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are ¥113.2B and ¥56.6B respectively. Globeride's EBIT is ¥7.8B making its interest coverage ratio 30.3. It has cash and short-term investments of ¥11.6B.
Key information
42.5%
Debt to equity ratio
JP¥24.04b
Debt
Interest coverage ratio | 30.3x |
Cash | JP¥11.57b |
Equity | JP¥56.56b |
Total liabilities | JP¥56.61b |
Total assets | JP¥113.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7990's short term assets (¥74.0B) exceed its short term liabilities (¥39.8B).
Long Term Liabilities: 7990's short term assets (¥74.0B) exceed its long term liabilities (¥16.8B).
Debt to Equity History and Analysis
Debt Level: 7990's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: 7990's debt to equity ratio has reduced from 107.1% to 42.5% over the past 5 years.
Debt Coverage: 7990's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 7990's interest payments on its debt are well covered by EBIT (30.3x coverage).