Hotel NewgrandLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hotel NewgrandLtd has a total shareholder equity of ¥3.6B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are ¥8.0B and ¥4.4B respectively. Hotel NewgrandLtd's EBIT is ¥386.0M making its interest coverage ratio 14.8. It has cash and short-term investments of ¥2.0B.
Key information
62.9%
Debt to equity ratio
JP¥2.28b
Debt
Interest coverage ratio | 14.8x |
Cash | JP¥1.99b |
Equity | JP¥3.62b |
Total liabilities | JP¥4.36b |
Total assets | JP¥7.99b |
Recent financial health updates
Is Hotel NewgrandLtd (TYO:9720) Using Debt In A Risky Way?
Apr 28Is Hotel NewgrandLtd (TYO:9720) Using Debt Sensibly?
Dec 31Recent updates
Financial Position Analysis
Short Term Liabilities: 9720's short term assets (¥2.6B) exceed its short term liabilities (¥2.0B).
Long Term Liabilities: 9720's short term assets (¥2.6B) exceed its long term liabilities (¥2.3B).
Debt to Equity History and Analysis
Debt Level: 9720's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: 9720's debt to equity ratio has reduced from 97.4% to 62.9% over the past 5 years.
Debt Coverage: 9720's debt is well covered by operating cash flow (25.2%).
Interest Coverage: 9720's interest payments on its debt are well covered by EBIT (14.8x coverage).