PROGRIT Balance Sheet Health
Financial Health criteria checks 5/6
PROGRIT has a total shareholder equity of ¥1.7B and total debt of ¥167.0M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are ¥3.4B and ¥1.7B respectively. PROGRIT's EBIT is ¥803.0M making its interest coverage ratio 401.5. It has cash and short-term investments of ¥2.7B.
Key information
9.7%
Debt to equity ratio
JP¥167.00m
Debt
| Interest coverage ratio | 401.5x |
| Cash | JP¥2.66b |
| Equity | JP¥1.72b |
| Total liabilities | JP¥1.70b |
| Total assets | JP¥3.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9560's short term assets (¥2.9B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 9560's short term assets (¥2.9B) exceed its long term liabilities (¥112.0M).
Debt to Equity History and Analysis
Debt Level: 9560 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 9560's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9560's debt is well covered by operating cash flow (509.6%).
Interest Coverage: 9560's interest payments on its debt are well covered by EBIT (401.5x coverage).