Ascot Balance Sheet Health
Financial Health criteria checks 3/6
Ascot has a total shareholder equity of ¥25.9B and total debt of ¥57.4B, which brings its debt-to-equity ratio to 221.7%. Its total assets and total liabilities are ¥85.5B and ¥59.6B respectively. Ascot's EBIT is ¥3.2B making its interest coverage ratio 3.8. It has cash and short-term investments of ¥10.5B.
Key information
221.7%
Debt to equity ratio
JP¥57.43b
Debt
| Interest coverage ratio | 3.8x |
| Cash | JP¥10.55b |
| Equity | JP¥25.91b |
| Total liabilities | JP¥59.61b |
| Total assets | JP¥85.51b |
Recent financial health updates
No updates
Recent updates
There's Reason For Concern Over Ascot Corp.'s (TSE:3264) Massive 28% Price Jump
Oct 30
Ascot Corp.'s (TSE:3264) Popularity With Investors Under Threat As Stock Sinks 33%
Aug 06Ascot Corp. (TSE:3264) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
Jun 22Weak Statutory Earnings May Not Tell The Whole Story For Ascot (TSE:3264)
May 22Ascot Corp. (TSE:3264) Investors Are Less Pessimistic Than Expected
Mar 25Introducing Ascot (TYO:3264), The Stock That Zoomed 229% In The Last Year
Mar 18Financial Position Analysis
Short Term Liabilities: 3264's short term assets (¥79.2B) exceed its short term liabilities (¥24.8B).
Long Term Liabilities: 3264's short term assets (¥79.2B) exceed its long term liabilities (¥34.8B).
Debt to Equity History and Analysis
Debt Level: 3264's net debt to equity ratio (181%) is considered high.
Reducing Debt: 3264's debt to equity ratio has increased from 138.9% to 221.7% 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 well covered by EBIT (3.8x coverage).