Joyfull Balance Sheet Health
Financial Health criteria checks 3/6
Joyfull has a total shareholder equity of ¥9.3B and total debt of ¥8.8B, which brings its debt-to-equity ratio to 94.5%. Its total assets and total liabilities are ¥30.0B and ¥20.7B respectively. Joyfull's EBIT is ¥3.3B making its interest coverage ratio 30.7. It has cash and short-term investments of ¥2.4B.
Key information
94.5%
Debt to equity ratio
JP¥8.79b
Debt
Interest coverage ratio | 30.7x |
Cash | JP¥2.42b |
Equity | JP¥9.30b |
Total liabilities | JP¥20.69b |
Total assets | JP¥29.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9942's short term assets (¥6.1B) do not cover its short term liabilities (¥9.2B).
Long Term Liabilities: 9942's short term assets (¥6.1B) do not cover its long term liabilities (¥11.5B).
Debt to Equity History and Analysis
Debt Level: 9942's net debt to equity ratio (68.6%) is considered high.
Reducing Debt: 9942's debt to equity ratio has reduced from 101.7% to 94.5% over the past 5 years.
Debt Coverage: 9942's debt is well covered by operating cash flow (63.6%).
Interest Coverage: 9942's interest payments on its debt are well covered by EBIT (30.7x coverage).