Good Life CompanyInc Balance Sheet Health
Financial Health criteria checks 3/6
Good Life CompanyInc has a total shareholder equity of ¥3.8B and total debt of ¥7.0B, which brings its debt-to-equity ratio to 182.5%. Its total assets and total liabilities are ¥12.9B and ¥9.1B respectively. Good Life CompanyInc's EBIT is ¥1.3B making its interest coverage ratio 38.4. It has cash and short-term investments of ¥3.5B.
Key information
182.5%
Debt to equity ratio
JP¥6.97b
Debt
Interest coverage ratio | 38.4x |
Cash | JP¥3.47b |
Equity | JP¥3.82b |
Total liabilities | JP¥9.07b |
Total assets | JP¥12.88b |
Recent financial health updates
We Think Good Life CompanyInc (TSE:2970) Can Stay On Top Of Its Debt
Mar 21These 4 Measures Indicate That Good Life CompanyInc (TYO:2970) Is Using Debt Reasonably Well
Feb 14Recent updates
Not Many Are Piling Into Good Life Company,Inc. (TSE:2970) Stock Yet As It Plummets 37%
Aug 05It's Down 26% But Good Life Company,Inc. (TSE:2970) Could Be Riskier Than It Looks
Jun 19Good Life Company,Inc. (TSE:2970) Stocks Pounded By 26% But Not Lagging Market On Growth Or Pricing
Apr 27We Think Good Life CompanyInc (TSE:2970) Can Stay On Top Of Its Debt
Mar 21These 4 Measures Indicate That Good Life CompanyInc (TYO:2970) Is Using Debt Reasonably Well
Feb 14Good Life Company,Inc. (TYO:2970) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Dec 31Financial Position Analysis
Short Term Liabilities: 2970's short term assets (¥11.8B) exceed its short term liabilities (¥7.5B).
Long Term Liabilities: 2970's short term assets (¥11.8B) exceed its long term liabilities (¥1.5B).
Debt to Equity History and Analysis
Debt Level: 2970's net debt to equity ratio (91.6%) is considered high.
Reducing Debt: 2970's debt to equity ratio has increased from 31.1% to 182.5% over the past 5 years.
Debt Coverage: 2970's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2970's interest payments on its debt are well covered by EBIT (38.4x coverage).