Sharingtechnology Balance Sheet Health
Financial Health criteria checks 6/6
Sharingtechnology has a total shareholder equity of ¥2.5B and total debt of ¥22.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are ¥4.3B and ¥1.8B respectively. Sharingtechnology's EBIT is ¥1.4B making its interest coverage ratio -1394. It has cash and short-term investments of ¥2.2B.
Key information
0.9%
Debt to equity ratio
JP¥22.00m
Debt
Interest coverage ratio | -1394x |
Cash | JP¥2.22b |
Equity | JP¥2.53b |
Total liabilities | JP¥1.79b |
Total assets | JP¥4.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3989's short term assets (¥3.1B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 3989's short term assets (¥3.1B) exceed its long term liabilities (¥438.0M).
Debt to Equity History and Analysis
Debt Level: 3989 has more cash than its total debt.
Reducing Debt: 3989's debt to equity ratio has reduced from 366.1% to 0.9% over the past 5 years.
Debt Coverage: 3989's debt is well covered by operating cash flow (7472.7%).
Interest Coverage: 3989 earns more interest than it pays, so coverage of interest payments is not a concern.