Wedge HoldingsLTD Balance Sheet Health
Financial Health criteria checks 6/6
Wedge HoldingsLTD has a total shareholder equity of ¥2.8B and total debt of ¥396.0M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are ¥3.4B and ¥606.0M respectively.
Key information
14.1%
Debt to equity ratio
JP¥396.00m
Debt
Interest coverage ratio | n/a |
Cash | JP¥411.00m |
Equity | JP¥2.82b |
Total liabilities | JP¥606.00m |
Total assets | JP¥3.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2388's short term assets (¥1.3B) exceed its short term liabilities (¥228.0M).
Long Term Liabilities: 2388's short term assets (¥1.3B) exceed its long term liabilities (¥378.0M).
Debt to Equity History and Analysis
Debt Level: 2388 has more cash than its total debt.
Reducing Debt: 2388's debt to equity ratio has reduced from 156.4% to 14.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2388 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2388 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.7% per year.