Polaris Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Polaris Holdings has a total shareholder equity of ¥6.5B and total debt of ¥10.5B, which brings its debt-to-equity ratio to 160.8%. Its total assets and total liabilities are ¥24.3B and ¥17.7B respectively. Polaris Holdings's EBIT is ¥3.0B making its interest coverage ratio 4.9. It has cash and short-term investments of ¥5.5B.
Key information
160.8%
Debt to equity ratio
JP¥10.53b
Debt
Interest coverage ratio | 4.9x |
Cash | JP¥5.53b |
Equity | JP¥6.55b |
Total liabilities | JP¥17.71b |
Total assets | JP¥24.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3010's short term assets (¥8.9B) exceed its short term liabilities (¥6.2B).
Long Term Liabilities: 3010's short term assets (¥8.9B) do not cover its long term liabilities (¥11.5B).
Debt to Equity History and Analysis
Debt Level: 3010's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: 3010's debt to equity ratio has reduced from 290.4% to 160.8% over the past 5 years.
Debt Coverage: 3010's debt is well covered by operating cash flow (79.9%).
Interest Coverage: 3010's interest payments on its debt are well covered by EBIT (4.9x coverage).