Polaris Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Polaris Holdings has a total shareholder equity of ¥6.9B and total debt of ¥8.8B, which brings its debt-to-equity ratio to 127.8%. Its total assets and total liabilities are ¥23.2B and ¥16.3B respectively. Polaris Holdings's EBIT is ¥3.4B making its interest coverage ratio 4.8. It has cash and short-term investments of ¥3.4B.
Key information
127.8%
Debt to equity ratio
JP¥8.80b
Debt
Interest coverage ratio | 4.8x |
Cash | JP¥3.38b |
Equity | JP¥6.88b |
Total liabilities | JP¥16.33b |
Total assets | JP¥23.21b |
Recent financial health updates
Recent updates
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 (¥8.0B) exceed its short term liabilities (¥5.8B).
Long Term Liabilities: 3010's short term assets (¥8.0B) do not cover its long term liabilities (¥10.5B).
Debt to Equity History and Analysis
Debt Level: 3010's net debt to equity ratio (78.7%) is considered high.
Reducing Debt: 3010's debt to equity ratio has reduced from 365.9% to 127.8% over the past 5 years.
Debt Coverage: 3010's debt is well covered by operating cash flow (88%).
Interest Coverage: 3010's interest payments on its debt are well covered by EBIT (4.8x coverage).