Innovation Balance Sheet Health
Financial Health criteria checks 4/6
Innovation has a total shareholder equity of ¥3.4B and total debt of ¥249.0M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are ¥4.5B and ¥1.0B respectively.
Key information
7.2%
Debt to equity ratio
JP¥249.00m
Debt
| Interest coverage ratio | n/a |
| Cash | JP¥2.98b |
| Equity | JP¥3.44b |
| Total liabilities | JP¥1.02b |
| Total assets | JP¥4.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3970's short term assets (¥4.0B) exceed its short term liabilities (¥837.0M).
Long Term Liabilities: 3970's short term assets (¥4.0B) exceed its long term liabilities (¥182.0M).
Debt to Equity History and Analysis
Debt Level: 3970 has more cash than its total debt.
Reducing Debt: 3970's debt to equity ratio has increased from 3.8% to 7.2% over the past 5 years.
Debt Coverage: 3970's debt is well covered by operating cash flow (36.9%).
Interest Coverage: Insufficient data to determine if 3970's interest payments on its debt are well covered by EBIT.