Polaris Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Polaris Holdings has a total shareholder equity of ¥7.2B and total debt of ¥8.7B, which brings its debt-to-equity ratio to 120.7%. Its total assets and total liabilities are ¥22.9B and ¥15.7B respectively. Polaris Holdings's EBIT is ¥3.6B making its interest coverage ratio 5.5. It has cash and short-term investments of ¥2.9B.
Key information
120.7%
Debt to equity ratio
JP¥8.75b
Debt
| Interest coverage ratio | 5.5x |
| Cash | JP¥2.92b |
| Equity | JP¥7.25b |
| Total liabilities | JP¥15.67b |
| Total assets | JP¥22.92b |
Recent financial health updates
Recent updates
Earnings Working Against Polaris Holdings Co., Ltd.'s (TSE:3010) Share Price Following 33% Dive
Aug 05
Here's Why Polaris Holdings (TSE:3010) Can Manage Its Debt Responsibly
Jun 26Polaris Holdings (TSE:3010) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 22Risks To Shareholder Returns Are Elevated At These Prices For Polaris Holdings Co., Ltd. (TSE:3010)
May 08A Look At The Fair Value Of Polaris Holdings Co., Ltd. (TSE:3010)
Mar 14Financial Position Analysis
Short Term Liabilities: 3010's short term assets (¥6.6B) exceed its short term liabilities (¥4.9B).
Long Term Liabilities: 3010's short term assets (¥6.6B) do not cover its long term liabilities (¥10.8B).
Debt to Equity History and Analysis
Debt Level: 3010's net debt to equity ratio (80.4%) is considered high.
Reducing Debt: 3010's debt to equity ratio has reduced from 299.8% to 120.7% over the past 5 years.
Debt Coverage: 3010's debt is well covered by operating cash flow (88.5%).
Interest Coverage: 3010's interest payments on its debt are well covered by EBIT (5.5x coverage).