Descente Balance Sheet Health
Financial Health criteria checks 6/6
Descente has a total shareholder equity of ¥115.2B and total debt of ¥2.6B, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ¥148.5B and ¥33.3B respectively. Descente's EBIT is ¥7.5B making its interest coverage ratio -10.2. It has cash and short-term investments of ¥33.5B.
Key information
2.3%
Debt to equity ratio
JP¥2.60b
Debt
| Interest coverage ratio | -10.2x |
| Cash | JP¥33.51b |
| Equity | JP¥115.23b |
| Total liabilities | JP¥33.32b |
| Total assets | JP¥148.54b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8114's short term assets (¥80.9B) exceed its short term liabilities (¥23.0B).
Long Term Liabilities: 8114's short term assets (¥80.9B) exceed its long term liabilities (¥10.3B).
Debt to Equity History and Analysis
Debt Level: 8114 has more cash than its total debt.
Reducing Debt: 8114's debt to equity ratio has reduced from 6.2% to 2.3% over the past 5 years.
Debt Coverage: 8114's debt is well covered by operating cash flow (284.1%).
Interest Coverage: 8114 earns more interest than it pays, so coverage of interest payments is not a concern.