Ceres Balance Sheet Health
Financial Health criteria checks 4/6
Ceres has a total shareholder equity of ¥10.0B and total debt of ¥7.4B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are ¥25.9B and ¥15.9B respectively. Ceres's EBIT is ¥1.1B making its interest coverage ratio 44.7. It has cash and short-term investments of ¥8.1B.
Key information
73.3%
Debt to equity ratio
JP¥7.36b
Debt
Interest coverage ratio | 44.7x |
Cash | JP¥8.11b |
Equity | JP¥10.04b |
Total liabilities | JP¥15.87b |
Total assets | JP¥25.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3696's short term assets (¥17.6B) exceed its short term liabilities (¥13.5B).
Long Term Liabilities: 3696's short term assets (¥17.6B) exceed its long term liabilities (¥2.4B).
Debt to Equity History and Analysis
Debt Level: 3696 has more cash than its total debt.
Reducing Debt: 3696's debt to equity ratio has increased from 46% to 73.3% over the past 5 years.
Debt Coverage: 3696's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: 3696's interest payments on its debt are well covered by EBIT (44.7x coverage).