RIDE ON EXPRESS HOLDINGS Balance Sheet Health
Financial Health criteria checks 6/6
RIDE ON EXPRESS HOLDINGS has a total shareholder equity of ¥7.4B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are ¥12.5B and ¥5.1B respectively. RIDE ON EXPRESS HOLDINGS's EBIT is ¥924.0M making its interest coverage ratio 115.5. It has cash and short-term investments of ¥6.8B.
Key information
28.7%
Debt to equity ratio
JP¥2.12b
Debt
| Interest coverage ratio | 115.5x |
| Cash | JP¥6.80b |
| Equity | JP¥7.40b |
| Total liabilities | JP¥5.08b |
| Total assets | JP¥12.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6082's short term assets (¥8.7B) exceed its short term liabilities (¥3.0B).
Long Term Liabilities: 6082's short term assets (¥8.7B) exceed its long term liabilities (¥2.1B).
Debt to Equity History and Analysis
Debt Level: 6082 has more cash than its total debt.
Reducing Debt: 6082's debt to equity ratio has reduced from 30.4% to 28.7% over the past 5 years.
Debt Coverage: 6082's debt is well covered by operating cash flow (63.8%).
Interest Coverage: 6082's interest payments on its debt are well covered by EBIT (115.5x coverage).