CareNet Balance Sheet Health
Financial Health criteria checks 5/6
CareNet has a total shareholder equity of ¥11.5B and total debt of ¥97.0M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are ¥14.2B and ¥2.7B respectively. CareNet's EBIT is ¥2.4B making its interest coverage ratio -269.8. It has cash and short-term investments of ¥8.9B.
Key information
0.8%
Debt to equity ratio
JP¥97.00m
Debt
Interest coverage ratio | -269.8x |
Cash | JP¥8.86b |
Equity | JP¥11.50b |
Total liabilities | JP¥2.67b |
Total assets | JP¥14.17b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2150's short term assets (¥11.8B) exceed its short term liabilities (¥2.4B).
Long Term Liabilities: 2150's short term assets (¥11.8B) exceed its long term liabilities (¥219.0M).
Debt to Equity History and Analysis
Debt Level: 2150 has more cash than its total debt.
Reducing Debt: 2150's debt to equity ratio has increased from 0% to 0.8% over the past 5 years.
Debt Coverage: 2150's debt is well covered by operating cash flow (1775.3%).
Interest Coverage: 2150 earns more interest than it pays, so coverage of interest payments is not a concern.