Sincere Balance Sheet Health
Financial Health criteria checks 5/6
Sincere has a total shareholder equity of ¥2.7B and total debt of ¥2.2B, which brings its debt-to-equity ratio to 80.9%. Its total assets and total liabilities are ¥5.7B and ¥3.0B respectively. Sincere's EBIT is ¥382.0M making its interest coverage ratio -382. It has cash and short-term investments of ¥2.0B.
Key information
80.9%
Debt to equity ratio
JP¥2.16b
Debt
| Interest coverage ratio | -382x |
| Cash | JP¥2.05b |
| Equity | JP¥2.67b |
| Total liabilities | JP¥3.00b |
| Total assets | JP¥5.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7782's short term assets (¥4.8B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 7782's short term assets (¥4.8B) exceed its long term liabilities (¥894.0M).
Debt to Equity History and Analysis
Debt Level: 7782's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: 7782's debt to equity ratio has increased from 26.5% to 80.9% over the past 5 years.
Debt Coverage: 7782's debt is well covered by operating cash flow (34.5%).
Interest Coverage: 7782 earns more interest than it pays, so coverage of interest payments is not a concern.