GMO TECH Balance Sheet Health
Financial Health criteria checks 5/6
GMO TECH has a total shareholder equity of ¥970.0M and total debt of ¥245.0M, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are ¥2.5B and ¥1.6B respectively. GMO TECH's EBIT is ¥780.0M making its interest coverage ratio 390. It has cash and short-term investments of ¥1.1B.
Key information
25.3%
Debt to equity ratio
JP¥245.00m
Debt
| Interest coverage ratio | 390x |
| Cash | JP¥1.15b |
| Equity | JP¥970.00m |
| Total liabilities | JP¥1.57b |
| Total assets | JP¥2.54b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6026's short term assets (¥2.3B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 6026's short term assets (¥2.3B) exceed its long term liabilities (¥188.0M).
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 (131.4%).
Interest Coverage: 6026's interest payments on its debt are well covered by EBIT (390x coverage).