Wellnet Balance Sheet Health
Financial Health criteria checks 4/6
Wellnet has a total shareholder equity of ¥7.9B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are ¥27.2B and ¥19.2B respectively. Wellnet's EBIT is ¥940.4M making its interest coverage ratio 218.8. It has cash and short-term investments of ¥16.7B.
Key information
22.4%
Debt to equity ratio
JP¥1.78b
Debt
Interest coverage ratio | 218.8x |
Cash | JP¥16.65b |
Equity | JP¥7.92b |
Total liabilities | JP¥19.25b |
Total assets | JP¥27.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2428's short term assets (¥21.6B) exceed its short term liabilities (¥17.3B).
Long Term Liabilities: 2428's short term assets (¥21.6B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 2428 has more cash than its total debt.
Reducing Debt: 2428's debt to equity ratio has increased from 0% to 22.4% over the past 5 years.
Debt Coverage: 2428's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2428's interest payments on its debt are well covered by EBIT (218.8x coverage).