PROGRIT Balance Sheet Health
Financial Health criteria checks 5/6
PROGRIT has a total shareholder equity of ¥1.6B and total debt of ¥122.0M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are ¥3.1B and ¥1.5B respectively. PROGRIT's EBIT is ¥755.0M making its interest coverage ratio 755. It has cash and short-term investments of ¥2.4B.
Key information
7.8%
Debt to equity ratio
JP¥122.00m
Debt
Interest coverage ratio | 755x |
Cash | JP¥2.36b |
Equity | JP¥1.56b |
Total liabilities | JP¥1.51b |
Total assets | JP¥3.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9560's short term assets (¥2.6B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 9560's short term assets (¥2.6B) exceed its long term liabilities (¥75.0M).
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 (697.5%).
Interest Coverage: 9560's interest payments on its debt are well covered by EBIT (755x coverage).