Ekitan Balance Sheet Health
Financial Health criteria checks 5/6
Ekitan has a total shareholder equity of ¥1.6B and total debt of ¥303.0M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are ¥2.5B and ¥899.0M respectively. Ekitan's EBIT is ¥87.0M making its interest coverage ratio -87. It has cash and short-term investments of ¥1.3B.
Key information
19.0%
Debt to equity ratio
JP¥303.00m
Debt
| Interest coverage ratio | -87x |
| Cash | JP¥1.29b |
| Equity | JP¥1.59b |
| Total liabilities | JP¥899.00m |
| Total assets | JP¥2.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3646's short term assets (¥1.8B) exceed its short term liabilities (¥585.0M).
Long Term Liabilities: 3646's short term assets (¥1.8B) exceed its long term liabilities (¥314.0M).
Debt to Equity History and Analysis
Debt Level: 3646 has more cash than its total debt.
Reducing Debt: 3646's debt to equity ratio has increased from 0% to 19% over the past 5 years.
Debt Coverage: 3646's debt is well covered by operating cash flow (44.6%).
Interest Coverage: 3646 earns more interest than it pays, so coverage of interest payments is not a concern.