Brass Balance Sheet Health
Financial Health criteria checks 1/6
Brass has a total shareholder equity of ¥3.8B and total debt of ¥4.3B, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are ¥10.8B and ¥7.0B respectively. Brass's EBIT is ¥454.0M making its interest coverage ratio 25.2. It has cash and short-term investments of ¥1.6B.
Key information
112.2%
Debt to equity ratio
JP¥4.25b
Debt
| Interest coverage ratio | 25.2x |
| Cash | JP¥1.64b |
| Equity | JP¥3.79b |
| Total liabilities | JP¥7.03b |
| Total assets | JP¥10.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2424's short term assets (¥2.1B) do not cover its short term liabilities (¥3.2B).
Long Term Liabilities: 2424's short term assets (¥2.1B) do not cover its long term liabilities (¥3.8B).
Debt to Equity History and Analysis
Debt Level: 2424's net debt to equity ratio (69.1%) is considered high.
Reducing Debt: Insufficient data to determine if 2424's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2424's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: 2424's interest payments on its debt are well covered by EBIT (25.2x coverage).