Central General Development Balance Sheet Health
Financial Health criteria checks 3/6
Central General Development has a total shareholder equity of ¥8.9B and total debt of ¥25.9B, which brings its debt-to-equity ratio to 289.8%. Its total assets and total liabilities are ¥38.2B and ¥29.3B respectively. Central General Development's EBIT is ¥819.0M making its interest coverage ratio 2.7. It has cash and short-term investments of ¥1.3B.
Key information
289.8%
Debt to equity ratio
JP¥25.87b
Debt
Interest coverage ratio | 2.7x |
Cash | JP¥1.30b |
Equity | JP¥8.93b |
Total liabilities | JP¥29.26b |
Total assets | JP¥38.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3238's short term assets (¥27.0B) exceed its short term liabilities (¥12.0B).
Long Term Liabilities: 3238's short term assets (¥27.0B) exceed its long term liabilities (¥17.2B).
Debt to Equity History and Analysis
Debt Level: 3238's net debt to equity ratio (275.2%) is considered high.
Reducing Debt: 3238's debt to equity ratio has reduced from 507% to 289.8% over the past 5 years.
Debt Coverage: 3238's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3238's interest payments on its debt are not well covered by EBIT (2.7x coverage).