Landix Balance Sheet Health
Financial Health criteria checks 4/6
Landix has a total shareholder equity of ¥7.1B and total debt of ¥7.5B, which brings its debt-to-equity ratio to 104.7%. Its total assets and total liabilities are ¥15.3B and ¥8.1B respectively. Landix's EBIT is ¥1.3B making its interest coverage ratio 13.6. It has cash and short-term investments of ¥5.2B.
Key information
104.7%
Debt to equity ratio
JP¥7.48b
Debt
Interest coverage ratio | 13.6x |
Cash | JP¥5.18b |
Equity | JP¥7.15b |
Total liabilities | JP¥8.14b |
Total assets | JP¥15.29b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2981's short term assets (¥12.4B) exceed its short term liabilities (¥4.8B).
Long Term Liabilities: 2981's short term assets (¥12.4B) exceed its long term liabilities (¥3.4B).
Debt to Equity History and Analysis
Debt Level: 2981's net debt to equity ratio (32.3%) is considered satisfactory.
Reducing Debt: 2981's debt to equity ratio has increased from 97.6% to 104.7% over the past 5 years.
Debt Coverage: 2981's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2981's interest payments on its debt are well covered by EBIT (13.6x coverage).