Landix Balance Sheet Health
Financial Health criteria checks 3/6
Landix has a total shareholder equity of ¥6.8B and total debt of ¥8.5B, which brings its debt-to-equity ratio to 125.9%. Its total assets and total liabilities are ¥15.8B and ¥9.1B respectively. Landix's EBIT is ¥989.0M making its interest coverage ratio 11.1. It has cash and short-term investments of ¥4.6B.
Key information
125.9%
Debt to equity ratio
JP¥8.51b
Debt
Interest coverage ratio | 11.1x |
Cash | JP¥4.58b |
Equity | JP¥6.76b |
Total liabilities | JP¥9.09b |
Total assets | JP¥15.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2981's short term assets (¥12.9B) exceed its short term liabilities (¥6.3B).
Long Term Liabilities: 2981's short term assets (¥12.9B) exceed its long term liabilities (¥2.7B).
Debt to Equity History and Analysis
Debt Level: 2981's net debt to equity ratio (58.1%) is considered high.
Reducing Debt: 2981's debt to equity ratio has increased from 101.1% to 125.9% 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 (11.1x coverage).