Landix Balance Sheet Health
Financial Health criteria checks 3/6
Landix has a total shareholder equity of ¥7.5B and total debt of ¥9.2B, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are ¥17.8B and ¥10.4B respectively. Landix's EBIT is ¥1.5B making its interest coverage ratio 12.9. It has cash and short-term investments of ¥5.3B.
Key information
122.8%
Debt to equity ratio
JP¥9.18b
Debt
| Interest coverage ratio | 12.9x |
| Cash | JP¥5.34b |
| Equity | JP¥7.47b |
| Total liabilities | JP¥10.35b |
| Total assets | JP¥17.83b |
Recent financial health updates
No updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Landix (TSE:2981)
Nov 19
Market Cool On Landix Inc.'s (TSE:2981) Earnings Pushing Shares 26% Lower
Aug 05The Returns On Capital At Landix (TSE:2981) Don't Inspire Confidence
Aug 02We Think That There Are More Issues For Landix (TSE:2981) Than Just Sluggish Earnings
May 21Financial Position Analysis
Short Term Liabilities: 2981's short term assets (¥14.8B) exceed its short term liabilities (¥7.8B).
Long Term Liabilities: 2981's short term assets (¥14.8B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: 2981's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 2981's debt to equity ratio has increased from 81% to 122.8% 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 (12.9x coverage).