Mynet Balance Sheet Health
Financial Health criteria checks 4/6
Mynet has a total shareholder equity of ¥1.3B and total debt of ¥1.5B, which brings its debt-to-equity ratio to 117.5%. Its total assets and total liabilities are ¥3.7B and ¥2.5B respectively. Mynet's EBIT is ¥138.0M making its interest coverage ratio 9.2. It has cash and short-term investments of ¥1.5B.
Key information
117.5%
Debt to equity ratio
JP¥1.47b
Debt
Interest coverage ratio | 9.2x |
Cash | JP¥1.53b |
Equity | JP¥1.25b |
Total liabilities | JP¥2.49b |
Total assets | JP¥3.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3928's short term assets (¥2.9B) exceed its short term liabilities (¥1.7B).
Long Term Liabilities: 3928's short term assets (¥2.9B) exceed its long term liabilities (¥808.0M).
Debt to Equity History and Analysis
Debt Level: 3928 has more cash than its total debt.
Reducing Debt: 3928's debt to equity ratio has increased from 61.6% to 117.5% over the past 5 years.
Debt Coverage: 3928's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 3928's interest payments on its debt are well covered by EBIT (9.2x coverage).