LeTech Balance Sheet Health
Financial Health criteria checks 4/6
LeTech has a total shareholder equity of ¥5.1B and total debt of ¥11.6B, which brings its debt-to-equity ratio to 228.1%. Its total assets and total liabilities are ¥19.5B and ¥14.5B respectively. LeTech's EBIT is ¥1.7B making its interest coverage ratio 4.7. It has cash and short-term investments of ¥2.6B.
Key information
228.1%
Debt to equity ratio
JP¥11.59b
Debt
Interest coverage ratio | 4.7x |
Cash | JP¥2.58b |
Equity | JP¥5.08b |
Total liabilities | JP¥14.45b |
Total assets | JP¥19.53b |
Financial Position Analysis
Short Term Liabilities: 3497's short term assets (¥18.4B) exceed its short term liabilities (¥9.1B).
Long Term Liabilities: 3497's short term assets (¥18.4B) exceed its long term liabilities (¥5.4B).
Debt to Equity History and Analysis
Debt Level: 3497's net debt to equity ratio (177.3%) is considered high.
Reducing Debt: 3497's debt to equity ratio has reduced from 1305.7% to 228.1% over the past 5 years.
Debt Coverage: 3497's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 3497's interest payments on its debt are well covered by EBIT (4.7x coverage).