QB Net HoldingsLtd Balance Sheet Health
Financial Health criteria checks 4/6
QB Net HoldingsLtd has a total shareholder equity of ¥13.8B and total debt of ¥8.4B, which brings its debt-to-equity ratio to 60.7%. Its total assets and total liabilities are ¥31.5B and ¥17.7B respectively. QB Net HoldingsLtd's EBIT is ¥2.5B making its interest coverage ratio 21.3. It has cash and short-term investments of ¥4.1B.
Key information
60.7%
Debt to equity ratio
JP¥8.39b
Debt
Interest coverage ratio | 21.3x |
Cash | JP¥4.08b |
Equity | JP¥13.82b |
Total liabilities | JP¥17.73b |
Total assets | JP¥31.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6571's short term assets (¥5.9B) do not cover its short term liabilities (¥6.6B).
Long Term Liabilities: 6571's short term assets (¥5.9B) do not cover its long term liabilities (¥11.1B).
Debt to Equity History and Analysis
Debt Level: 6571's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: 6571's debt to equity ratio has reduced from 125.4% to 60.7% over the past 5 years.
Debt Coverage: 6571's debt is well covered by operating cash flow (62.2%).
Interest Coverage: 6571's interest payments on its debt are well covered by EBIT (21.3x coverage).