Bank of InnovationInc Balance Sheet Health
Financial Health criteria checks 5/6
Bank of InnovationInc has a total shareholder equity of ¥4.1B and total debt of ¥449.0M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are ¥6.7B and ¥2.6B respectively. Bank of InnovationInc's EBIT is ¥2.7B making its interest coverage ratio 662.5. It has cash and short-term investments of ¥3.7B.
Key information
11.1%
Debt to equity ratio
JP¥449.00m
Debt
Interest coverage ratio | 662.5x |
Cash | JP¥3.71b |
Equity | JP¥4.06b |
Total liabilities | JP¥2.61b |
Total assets | JP¥6.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4393's short term assets (¥6.3B) exceed its short term liabilities (¥2.3B).
Long Term Liabilities: 4393's short term assets (¥6.3B) exceed its long term liabilities (¥292.0M).
Debt to Equity History and Analysis
Debt Level: 4393 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 4393's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 4393's debt is well covered by operating cash flow (1160.8%).
Interest Coverage: 4393's interest payments on its debt are well covered by EBIT (662.5x coverage).