RentracksLTD Balance Sheet Health
Financial Health criteria checks 4/6
RentracksLTD has a total shareholder equity of ¥3.2B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 118.7%. Its total assets and total liabilities are ¥9.5B and ¥6.3B respectively. RentracksLTD's EBIT is ¥982.0M making its interest coverage ratio 122.8. It has cash and short-term investments of ¥4.8B.
Key information
118.7%
Debt to equity ratio
JP¥3.76b
Debt
| Interest coverage ratio | 122.8x |
| Cash | JP¥4.84b |
| Equity | JP¥3.17b |
| Total liabilities | JP¥6.33b |
| Total assets | JP¥9.50b |
Recent financial health updates
Is RentracksLTD (TSE:6045) A Risky Investment?
Sep 26
Here's Why RentracksLTD (TSE:6045) Can Manage Its Debt Responsibly
Jun 26Is RentracksLTD (TSE:6045) Using Too Much Debt?
Mar 25Recent updates
Is RentracksLTD (TSE:6045) A Risky Investment?
Sep 26Rentracks CO.,LTD.'s (TSE:6045) Shares Climb 31% But Its Business Is Yet to Catch Up
Aug 21Here's Why RentracksLTD (TSE:6045) Can Manage Its Debt Responsibly
Jun 26RentracksLTD's (TSE:6045) Earnings Seem To Be Promising
May 23Is RentracksLTD (TSE:6045) Using Too Much Debt?
Mar 25There's Reason For Concern Over Rentracks CO.,LTD.'s (TSE:6045) Massive 26% Price Jump
Mar 25Financial Position Analysis
Short Term Liabilities: 6045's short term assets (¥8.8B) exceed its short term liabilities (¥6.1B).
Long Term Liabilities: 6045's short term assets (¥8.8B) exceed its long term liabilities (¥236.0M).
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 33.4% to 118.7% over the past 5 years.
Debt Coverage: 6045's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 6045's interest payments on its debt are well covered by EBIT (122.8x coverage).