Sincere Balance Sheet Health
Financial Health criteria checks 4/6
Sincere has a total shareholder equity of ¥2.5B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 92.6%. Its total assets and total liabilities are ¥5.4B and ¥2.9B respectively. Sincere's EBIT is ¥377.0M making its interest coverage ratio -23.6. It has cash and short-term investments of ¥2.2B.
Key information
92.6%
Debt to equity ratio
JP¥2.30b
Debt
Interest coverage ratio | -23.6x |
Cash | JP¥2.19b |
Equity | JP¥2.48b |
Total liabilities | JP¥2.92b |
Total assets | JP¥5.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7782's short term assets (¥4.9B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 7782's short term assets (¥4.9B) exceed its long term liabilities (¥799.0M).
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 27.4% to 92.6% over the past 5 years.
Debt Coverage: 7782's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 7782 earns more interest than it pays, so coverage of interest payments is not a concern.