RIDE ON EXPRESS HOLDINGS Balance Sheet Health
Financial Health criteria checks 6/6
RIDE ON EXPRESS HOLDINGS has a total shareholder equity of ¥7.5B and total debt of ¥2.0B, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are ¥12.3B and ¥4.8B respectively. RIDE ON EXPRESS HOLDINGS's EBIT is ¥741.0M making its interest coverage ratio 123.5. It has cash and short-term investments of ¥6.2B.
Key information
26.0%
Debt to equity ratio
JP¥1.96b
Debt
| Interest coverage ratio | 123.5x |
| Cash | JP¥6.23b |
| Equity | JP¥7.51b |
| Total liabilities | JP¥4.80b |
| Total assets | JP¥12.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6082's short term assets (¥8.2B) exceed its short term liabilities (¥2.9B).
Long Term Liabilities: 6082's short term assets (¥8.2B) exceed its long term liabilities (¥1.9B).
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 27.5% to 26% over the past 5 years.
Debt Coverage: 6082's debt is well covered by operating cash flow (41%).
Interest Coverage: 6082's interest payments on its debt are well covered by EBIT (123.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 08:02 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
RIDE ON EXPRESS HOLDINGS Co., Ltd. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Satoshi Sakae | Daiwa Securities Co. Ltd. |
| Seiichiro Samejima | Ichiyoshi Research Institute Inc. |
| Atsushi Kaneko | Marusan Securities Co. Ltd. |