Good Life CompanyInc Balance Sheet Health
Financial Health criteria checks 3/6
Good Life CompanyInc has a total shareholder equity of ¥3.3B and total debt of ¥4.2B, which brings its debt-to-equity ratio to 127.3%. Its total assets and total liabilities are ¥9.4B and ¥6.1B respectively. Good Life CompanyInc's EBIT is ¥1.1B making its interest coverage ratio 48.2. It has cash and short-term investments of ¥2.3B.
Key information
127.3%
Debt to equity ratio
JP¥4.15b
Debt
Interest coverage ratio | 48.2x |
Cash | JP¥2.26b |
Equity | JP¥3.26b |
Total liabilities | JP¥6.10b |
Total assets | JP¥9.36b |
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
Good 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 (¥8.3B) exceed its short term liabilities (¥4.8B).
Long Term Liabilities: 2970's short term assets (¥8.3B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 2970's net debt to equity ratio (58%) is considered high.
Reducing Debt: 2970's debt to equity ratio has increased from 0% to 127.3% 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 (48.2x coverage).