FaithNetworkLtd Balance Sheet Health
Financial Health criteria checks 3/6
FaithNetworkLtd has a total shareholder equity of ¥7.0B and total debt of ¥20.4B, which brings its debt-to-equity ratio to 293.4%. Its total assets and total liabilities are ¥30.1B and ¥23.1B respectively. FaithNetworkLtd's EBIT is ¥2.9B making its interest coverage ratio 10. It has cash and short-term investments of ¥2.8B.
Key information
293.4%
Debt to equity ratio
JP¥20.43b
Debt
| Interest coverage ratio | 10x |
| Cash | JP¥2.80b |
| Equity | JP¥6.96b |
| Total liabilities | JP¥23.12b |
| Total assets | JP¥30.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3489's short term assets (¥26.8B) exceed its short term liabilities (¥8.8B).
Long Term Liabilities: 3489's short term assets (¥26.8B) exceed its long term liabilities (¥14.3B).
Debt to Equity History and Analysis
Debt Level: 3489's net debt to equity ratio (253.1%) is considered high.
Reducing Debt: Insufficient data to determine if 3489's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 3489's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3489's interest payments on its debt are well covered by EBIT (10x coverage).