Cocolonet Balance Sheet Health
Financial Health criteria checks 5/6
Cocolonet has a total shareholder equity of ¥8.7B and total debt of ¥23.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ¥18.9B and ¥10.2B respectively. Cocolonet's EBIT is ¥685.0M making its interest coverage ratio -114.2. It has cash and short-term investments of ¥3.4B.
Key information
0.3%
Debt to equity ratio
JP¥23.00m
Debt
| Interest coverage ratio | -114.2x |
| Cash | JP¥3.39b |
| Equity | JP¥8.67b |
| Total liabilities | JP¥10.22b |
| Total assets | JP¥18.89b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6060's short term assets (¥4.5B) exceed its short term liabilities (¥1.0B).
Long Term Liabilities: 6060's short term assets (¥4.5B) do not cover its long term liabilities (¥9.2B).
Debt to Equity History and Analysis
Debt Level: 6060 has more cash than its total debt.
Reducing Debt: 6060's debt to equity ratio has reduced from 12.9% to 0.3% over the past 5 years.
Debt Coverage: 6060's debt is well covered by operating cash flow (4295.7%).
Interest Coverage: 6060 earns more interest than it pays, so coverage of interest payments is not a concern.