RentracksLTD Balance Sheet Health
Financial Health criteria checks 4/6
RentracksLTD has a total shareholder equity of ¥3.0B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 123.7%. Its total assets and total liabilities are ¥8.8B and ¥5.7B respectively. RentracksLTD's EBIT is ¥845.0M making its interest coverage ratio 60.4. It has cash and short-term investments of ¥4.4B.
Key information
123.7%
Debt to equity ratio
JP¥3.76b
Debt
Interest coverage ratio | 60.4x |
Cash | JP¥4.37b |
Equity | JP¥3.04b |
Total liabilities | JP¥5.72b |
Total assets | JP¥8.76b |
Financial Position Analysis
Short Term Liabilities: 6045's short term assets (¥7.9B) exceed its short term liabilities (¥5.5B).
Long Term Liabilities: 6045's short term assets (¥7.9B) exceed its long term liabilities (¥224.0M).
Debt to Equity History and Analysis
Debt Level: 6045 has more cash than its total debt.
Reducing Debt: 6045's debt to equity ratio has increased from 33.5% to 123.7% over the past 5 years.
Debt Coverage: 6045's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 6045's interest payments on its debt are well covered by EBIT (60.4x coverage).