Convano Balance Sheet Health
Financial Health criteria checks 2/6
Convano has a total shareholder equity of ¥876.0M and total debt of ¥870.0M, which brings its debt-to-equity ratio to 99.3%. Its total assets and total liabilities are ¥2.6B and ¥1.7B respectively. Convano's EBIT is ¥118.0M making its interest coverage ratio 10.7. It has cash and short-term investments of ¥400.0M.
Key information
99.3%
Debt to equity ratio
JP¥870.00m
Debt
Interest coverage ratio | 10.7x |
Cash | JP¥400.00m |
Equity | JP¥876.00m |
Total liabilities | JP¥1.72b |
Total assets | JP¥2.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6574's short term assets (¥657.0M) do not cover its short term liabilities (¥1.1B).
Long Term Liabilities: 6574's short term assets (¥657.0M) do not cover its long term liabilities (¥670.0M).
Debt to Equity History and Analysis
Debt Level: 6574's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: 6574's debt to equity ratio has increased from 51.1% to 99.3% over the past 5 years.
Debt Coverage: 6574's debt is well covered by operating cash flow (46.7%).
Interest Coverage: 6574's interest payments on its debt are well covered by EBIT (10.7x coverage).