CVS Bay Area Balance Sheet Health
Financial Health criteria checks 2/6
CVS Bay Area has a total shareholder equity of ¥4.1B and total debt of ¥5.2B, which brings its debt-to-equity ratio to 127.1%. Its total assets and total liabilities are ¥11.0B and ¥6.9B respectively. CVS Bay Area's EBIT is ¥487.0M making its interest coverage ratio 13.5. It has cash and short-term investments of ¥2.4B.
Key information
127.1%
Debt to equity ratio
JP¥5.24b
Debt
| Interest coverage ratio | 13.5x |
| Cash | JP¥2.45b |
| Equity | JP¥4.12b |
| Total liabilities | JP¥6.92b |
| Total assets | JP¥11.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2687's short term assets (¥3.3B) exceed its short term liabilities (¥3.0B).
Long Term Liabilities: 2687's short term assets (¥3.3B) do not cover its long term liabilities (¥3.9B).
Debt to Equity History and Analysis
Debt Level: 2687's net debt to equity ratio (67.7%) is considered high.
Reducing Debt: 2687's debt to equity ratio has increased from 58.8% to 127.1% over the past 5 years.
Debt Coverage: 2687's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: 2687's interest payments on its debt are well covered by EBIT (13.5x coverage).