GMO TECH Balance Sheet Health
Financial Health criteria checks 5/6
GMO TECH has a total shareholder equity of ¥806.0M and total debt of ¥280.0M, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are ¥2.8B and ¥2.0B respectively. GMO TECH's EBIT is ¥567.0M making its interest coverage ratio 189. It has cash and short-term investments of ¥1.3B.
Key information
34.7%
Debt to equity ratio
JP¥280.00m
Debt
Interest coverage ratio | 189x |
Cash | JP¥1.28b |
Equity | JP¥806.00m |
Total liabilities | JP¥1.95b |
Total assets | JP¥2.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6026's short term assets (¥2.5B) exceed its short term liabilities (¥1.7B).
Long Term Liabilities: 6026's short term assets (¥2.5B) exceed its long term liabilities (¥222.0M).
Debt to Equity History and Analysis
Debt Level: 6026 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 6026's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6026's debt is well covered by operating cash flow (126.4%).
Interest Coverage: 6026's interest payments on its debt are well covered by EBIT (189x coverage).