Cocolonet Balance Sheet Health
Financial Health criteria checks 5/6
Cocolonet has a total shareholder equity of ¥8.5B and total debt of ¥290.0M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are ¥19.3B and ¥10.9B respectively. Cocolonet's EBIT is ¥658.0M making its interest coverage ratio -65.8. It has cash and short-term investments of ¥3.5B.
Key information
3.4%
Debt to equity ratio
JP¥290.00m
Debt
Interest coverage ratio | -65.8x |
Cash | JP¥3.55b |
Equity | JP¥8.49b |
Total liabilities | JP¥10.86b |
Total assets | JP¥19.34b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6060's short term assets (¥4.7B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 6060's short term assets (¥4.7B) 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 18.7% to 3.4% over the past 5 years.
Debt Coverage: 6060's debt is well covered by operating cash flow (305.9%).
Interest Coverage: 6060 earns more interest than it pays, so coverage of interest payments is not a concern.