LANDNET Balance Sheet Health
Financial Health criteria checks 3/6
LANDNET has a total shareholder equity of ¥7.6B and total debt of ¥11.7B, which brings its debt-to-equity ratio to 154.4%. Its total assets and total liabilities are ¥23.1B and ¥15.5B respectively. LANDNET's EBIT is ¥1.6B making its interest coverage ratio 11.1. It has cash and short-term investments of ¥4.0B.
Key information
154.4%
Debt to equity ratio
JP¥11.74b
Debt
Interest coverage ratio | 11.1x |
Cash | JP¥3.99b |
Equity | JP¥7.60b |
Total liabilities | JP¥15.50b |
Total assets | JP¥23.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2991's short term assets (¥18.2B) exceed its short term liabilities (¥11.2B).
Long Term Liabilities: 2991's short term assets (¥18.2B) exceed its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 2991's net debt to equity ratio (101.9%) is considered high.
Reducing Debt: Insufficient data to determine if 2991's debt to equity ratio has reduced 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 (11.1x coverage).