FaithNetworkLtd Balance Sheet Health
Financial Health criteria checks 3/6
FaithNetworkLtd has a total shareholder equity of ¥7.4B and total debt of ¥15.9B, which brings its debt-to-equity ratio to 213.4%. Its total assets and total liabilities are ¥26.6B and ¥19.2B respectively. FaithNetworkLtd's EBIT is ¥2.1B making its interest coverage ratio 8.5. It has cash and short-term investments of ¥5.3B.
Key information
213.4%
Debt to equity ratio
JP¥15.86b
Debt
Interest coverage ratio | 8.5x |
Cash | JP¥5.30b |
Equity | JP¥7.43b |
Total liabilities | JP¥19.18b |
Total assets | JP¥26.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3489's short term assets (¥23.2B) exceed its short term liabilities (¥7.9B).
Long Term Liabilities: 3489's short term assets (¥23.2B) exceed its long term liabilities (¥11.3B).
Debt to Equity History and Analysis
Debt Level: 3489's net debt to equity ratio (142.1%) 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 (8.5x coverage).