FinTech Global Balance Sheet Health
Financial Health criteria checks 3/6
FinTech Global has a total shareholder equity of ¥9.9B and total debt of ¥7.4B, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are ¥19.9B and ¥10.0B respectively. FinTech Global's EBIT is ¥1.6B making its interest coverage ratio 14.5. It has cash and short-term investments of ¥3.2B.
Key information
74.6%
Debt to equity ratio
JP¥7.41b
Debt
Interest coverage ratio | 14.5x |
Cash | JP¥3.21b |
Equity | JP¥9.93b |
Total liabilities | JP¥9.99b |
Total assets | JP¥19.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8789's short term assets (¥13.4B) exceed its short term liabilities (¥8.2B).
Long Term Liabilities: 8789's short term assets (¥13.4B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 8789's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: 8789's debt to equity ratio has increased from 67.9% to 74.6% over the past 5 years.
Debt Coverage: 8789's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: 8789's interest payments on its debt are well covered by EBIT (14.5x coverage).