Ceres Balance Sheet Health
Financial Health criteria checks 4/6
Ceres has a total shareholder equity of ¥11.2B and total debt of ¥9.7B, which brings its debt-to-equity ratio to 86.7%. Its total assets and total liabilities are ¥29.9B and ¥18.8B respectively. Ceres's EBIT is ¥1.8B making its interest coverage ratio 44. It has cash and short-term investments of ¥13.4B.
Key information
86.7%
Debt to equity ratio
JP¥9.68b
Debt
Interest coverage ratio | 44x |
Cash | JP¥13.38b |
Equity | JP¥11.16b |
Total liabilities | JP¥18.76b |
Total assets | JP¥29.93b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Ceres (TSE:3696) Have Hit The Brakes
Nov 29Subdued Growth No Barrier To Ceres Inc. (TSE:3696) With Shares Advancing 51%
Nov 08Ceres (TSE:3696) Is Due To Pay A Dividend Of ¥20.00
Oct 11With A 26% Price Drop For Ceres Inc. (TSE:3696) You'll Still Get What You Pay For
Aug 09Ceres' (TSE:3696) Returns Have Hit A Wall
Aug 07Ceres Inc.'s (TSE:3696) 33% Share Price Surge Not Quite Adding Up
May 21Returns On Capital At Ceres (TSE:3696) Paint A Concerning Picture
Apr 22Ceres' (TSE:3696) Earnings May Just Be The Starting Point
Apr 03Revenues Tell The Story For Ceres Inc. (TSE:3696) As Its Stock Soars 42%
Feb 26Financial Position Analysis
Short Term Liabilities: 3696's short term assets (¥21.0B) exceed its short term liabilities (¥15.2B).
Long Term Liabilities: 3696's short term assets (¥21.0B) exceed its long term liabilities (¥3.6B).
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 45.6% to 86.7% over the past 5 years.
Debt Coverage: 3696's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 3696's interest payments on its debt are well covered by EBIT (44x coverage).