Cocolonet Balance Sheet Health
Financial Health criteria checks 5/6
Cocolonet has a total shareholder equity of ¥8.6B and total debt of ¥32.0M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ¥19.2B and ¥10.6B respectively. Cocolonet's EBIT is ¥661.0M making its interest coverage ratio -132.2. It has cash and short-term investments of ¥3.4B.
Key information
0.4%
Debt to equity ratio
JP¥32.00m
Debt
| Interest coverage ratio | -132.2x |
| Cash | JP¥3.44b |
| Equity | JP¥8.57b |
| Total liabilities | JP¥10.62b |
| Total assets | JP¥19.19b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6060's short term assets (¥4.8B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 6060's short term assets (¥4.8B) 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 14.8% to 0.4% over the past 5 years.
Debt Coverage: 6060's debt is well covered by operating cash flow (3309.4%).
Interest Coverage: 6060 earns more interest than it pays, so coverage of interest payments is not a concern.