Iceco Balance Sheet Health
Financial Health criteria checks 5/6
Iceco has a total shareholder equity of ¥3.6B and total debt of ¥2.7B, which brings its debt-to-equity ratio to 76.6%. Its total assets and total liabilities are ¥18.3B and ¥14.8B respectively. Iceco's EBIT is ¥464.0M making its interest coverage ratio 77.3. It has cash and short-term investments of ¥3.0B.
Key information
76.6%
Debt to equity ratio
JP¥2.73b
Debt
| Interest coverage ratio | 77.3x |
| Cash | JP¥3.02b |
| Equity | JP¥3.56b |
| Total liabilities | JP¥14.79b |
| Total assets | JP¥18.35b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7698's short term assets (¥11.3B) do not cover its short term liabilities (¥12.1B).
Long Term Liabilities: 7698's short term assets (¥11.3B) exceed its long term liabilities (¥2.7B).
Debt to Equity History and Analysis
Debt Level: 7698 has more cash than its total debt.
Reducing Debt: 7698's debt to equity ratio has reduced from 250.6% to 76.6% over the past 5 years.
Debt Coverage: 7698's debt is well covered by operating cash flow (61.2%).
Interest Coverage: 7698's interest payments on its debt are well covered by EBIT (77.3x coverage).