GMO TECH Balance Sheet Health
Financial Health criteria checks 5/6
GMO TECH has a total shareholder equity of ¥794.0M and total debt of ¥262.0M, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are ¥2.4B and ¥1.7B respectively. GMO TECH's EBIT is ¥702.0M making its interest coverage ratio 351. It has cash and short-term investments of ¥898.0M.
Key information
33.0%
Debt to equity ratio
JP¥262.00m
Debt
| Interest coverage ratio | 351x |
| Cash | JP¥898.00m |
| Equity | JP¥794.00m |
| Total liabilities | JP¥1.65b |
| Total assets | JP¥2.45b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6026's short term assets (¥2.2B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 6026's short term assets (¥2.2B) exceed its long term liabilities (¥205.0M).
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 (135.1%).
Interest Coverage: 6026's interest payments on its debt are well covered by EBIT (351x coverage).