RenaissanceIncorporated Balance Sheet Health
Financial Health criteria checks 1/6
RenaissanceIncorporated has a total shareholder equity of ¥11.6B and total debt of ¥13.6B, which brings its debt-to-equity ratio to 117.3%. Its total assets and total liabilities are ¥54.2B and ¥42.7B respectively. RenaissanceIncorporated's EBIT is ¥1.9B making its interest coverage ratio 2.7. It has cash and short-term investments of ¥7.0B.
Key information
117.3%
Debt to equity ratio
JP¥13.56b
Debt
| Interest coverage ratio | 2.7x |
| Cash | JP¥6.99b |
| Equity | JP¥11.56b |
| Total liabilities | JP¥42.68b |
| Total assets | JP¥54.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2378's short term assets (¥11.6B) do not cover its short term liabilities (¥14.8B).
Long Term Liabilities: 2378's short term assets (¥11.6B) do not cover its long term liabilities (¥27.9B).
Debt to Equity History and Analysis
Debt Level: 2378's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: 2378's debt to equity ratio has increased from 38.3% to 117.3% over the past 5 years.
Debt Coverage: 2378's debt is well covered by operating cash flow (24.7%).
Interest Coverage: 2378's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 11:43 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Renaissance,Incorporated is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yasuo Kono | Goldman Sachs |
| Seiichiro Samejima | Ichiyoshi Research Institute Inc. |
| Yusuke Taketsu | Marusan Securities Co. Ltd. |