Descente Balance Sheet Health
Financial Health criteria checks 6/6
Descente has a total shareholder equity of ¥121.9B and total debt of ¥3.3B, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are ¥158.5B and ¥36.6B respectively. Descente's EBIT is ¥7.7B making its interest coverage ratio -10.7. It has cash and short-term investments of ¥39.4B.
Key information
2.7%
Debt to equity ratio
JP¥3.34b
Debt
| Interest coverage ratio | -10.7x |
| Cash | JP¥39.42b |
| Equity | JP¥121.94b |
| Total liabilities | JP¥36.58b |
| Total assets | JP¥158.52b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8114's short term assets (¥89.7B) exceed its short term liabilities (¥26.0B).
Long Term Liabilities: 8114's short term assets (¥89.7B) exceed its long term liabilities (¥10.6B).
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 5.5% to 2.7% over the past 5 years.
Debt Coverage: 8114's debt is well covered by operating cash flow (283.2%).
Interest Coverage: 8114 earns more interest than it pays, so coverage of interest payments is not a concern.