Artra Group Balance Sheet Health
Financial Health criteria checks 4/6
Artra Group has a total shareholder equity of ¥1.4B and total debt of ¥1.5B, which brings its debt-to-equity ratio to 106.2%. Its total assets and total liabilities are ¥4.6B and ¥3.1B respectively. Artra Group's EBIT is ¥51.0M making its interest coverage ratio 10.2. It has cash and short-term investments of ¥1.1B.
Key information
106.2%
Debt to equity ratio
JP¥1.54b
Debt
Interest coverage ratio | 10.2x |
Cash | JP¥1.14b |
Equity | JP¥1.45b |
Total liabilities | JP¥3.13b |
Total assets | JP¥4.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6029's short term assets (¥3.1B) exceed its short term liabilities (¥1.7B).
Long Term Liabilities: 6029's short term assets (¥3.1B) exceed its long term liabilities (¥1.4B).
Debt to Equity History and Analysis
Debt Level: 6029's net debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: 6029's debt to equity ratio has increased from 55% to 106.2% over the past 5 years.
Debt Coverage: 6029's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 6029's interest payments on its debt are well covered by EBIT (10.2x coverage).