Echo Trading Balance Sheet Health
Financial Health criteria checks 6/6
Echo Trading has a total shareholder equity of ¥11.3B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are ¥39.5B and ¥28.2B respectively. Echo Trading's EBIT is ¥1.5B making its interest coverage ratio 217.7. It has cash and short-term investments of ¥6.6B.
Key information
15.0%
Debt to equity ratio
JP¥1.70b
Debt
| Interest coverage ratio | 217.7x |
| Cash | JP¥6.60b |
| Equity | JP¥11.31b |
| Total liabilities | JP¥28.15b |
| Total assets | JP¥39.46b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7427's short term assets (¥37.4B) exceed its short term liabilities (¥27.8B).
Long Term Liabilities: 7427's short term assets (¥37.4B) exceed its long term liabilities (¥359.0M).
Debt to Equity History and Analysis
Debt Level: 7427 has more cash than its total debt.
Reducing Debt: 7427's debt to equity ratio has reduced from 31% to 15% over the past 5 years.
Debt Coverage: 7427's debt is well covered by operating cash flow (243.9%).
Interest Coverage: 7427's interest payments on its debt are well covered by EBIT (217.7x coverage).