Ascot Balance Sheet Health
Financial Health criteria checks 2/6
Ascot has a total shareholder equity of ¥25.1B and total debt of ¥47.4B, which brings its debt-to-equity ratio to 189%. Its total assets and total liabilities are ¥73.6B and ¥48.5B respectively. Ascot's EBIT is ¥1.9B making its interest coverage ratio 2.9. It has cash and short-term investments of ¥5.8B.
Key information
189.0%
Debt to equity ratio
JP¥47.37b
Debt
Interest coverage ratio | 2.9x |
Cash | JP¥5.82b |
Equity | JP¥25.06b |
Total liabilities | JP¥48.52b |
Total assets | JP¥73.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3264's short term assets (¥68.0B) exceed its short term liabilities (¥18.9B).
Long Term Liabilities: 3264's short term assets (¥68.0B) exceed its long term liabilities (¥29.6B).
Debt to Equity History and Analysis
Debt Level: 3264's net debt to equity ratio (165.8%) is considered high.
Reducing Debt: 3264's debt to equity ratio has increased from 188.7% to 189% over the past 5 years.
Debt Coverage: 3264's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3264's interest payments on its debt are not well covered by EBIT (2.9x coverage).