Bank of InnovationInc Balance Sheet Health
Financial Health criteria checks 5/6
Bank of InnovationInc has a total shareholder equity of ¥4.4B and total debt of ¥346.0M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are ¥7.1B and ¥2.6B respectively. Bank of InnovationInc's EBIT is ¥1.7B making its interest coverage ratio 349. It has cash and short-term investments of ¥4.3B.
Key information
7.8%
Debt to equity ratio
JP¥346.00m
Debt
Interest coverage ratio | 349x |
Cash | JP¥4.28b |
Equity | JP¥4.44b |
Total liabilities | JP¥2.61b |
Total assets | JP¥7.06b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4393's short term assets (¥6.7B) exceed its short term liabilities (¥2.4B).
Long Term Liabilities: 4393's short term assets (¥6.7B) exceed its long term liabilities (¥229.0M).
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 (413%).
Interest Coverage: 4393's interest payments on its debt are well covered by EBIT (349x coverage).