LANDNET Balance Sheet Health
Financial Health criteria checks 3/6
LANDNET has a total shareholder equity of ¥8.9B and total debt of ¥13.0B, which brings its debt-to-equity ratio to 146.8%. Its total assets and total liabilities are ¥27.2B and ¥18.3B respectively. LANDNET's EBIT is ¥2.8B making its interest coverage ratio 15.4. It has cash and short-term investments of ¥3.9B.
Key information
146.8%
Debt to equity ratio
JP¥13.03b
Debt
| Interest coverage ratio | 15.4x |
| Cash | JP¥3.94b |
| Equity | JP¥8.88b |
| Total liabilities | JP¥18.28b |
| Total assets | JP¥27.16b |
Recent financial health updates
Recent updates
Market Might Still Lack Some Conviction On LANDNET Inc. (TSE:2991) Even After 31% Share Price Boost
Nov 08
Is LANDNET (TSE:2991) Using Too Much Debt?
Oct 18Additional Considerations Required While Assessing LANDNET's (TSE:2991) Strong Earnings
Sep 16LANDNET Inc. (TSE:2991) Stock Catapults 29% Though Its Price And Business Still Lag The Market
Sep 04There Might Be More To LANDNET's (TSE:2991) Story Than Just Weak Earnings
Mar 15Financial Position Analysis
Short Term Liabilities: 2991's short term assets (¥21.7B) exceed its short term liabilities (¥14.2B).
Long Term Liabilities: 2991's short term assets (¥21.7B) exceed its long term liabilities (¥4.1B).
Debt to Equity History and Analysis
Debt Level: 2991's net debt to equity ratio (102.4%) is considered high.
Reducing Debt: 2991's debt to equity ratio has increased from 101.3% to 146.8% over the past 5 years.
Debt Coverage: 2991's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2991's interest payments on its debt are well covered by EBIT (15.4x coverage).