LeTech Balance Sheet Health
Financial Health criteria checks 4/6
LeTech has a total shareholder equity of ¥5.2B and total debt of ¥16.2B, which brings its debt-to-equity ratio to 310.7%. Its total assets and total liabilities are ¥24.5B and ¥19.3B respectively. LeTech's EBIT is ¥1.5B making its interest coverage ratio 4.5. It has cash and short-term investments of ¥2.6B.
Key information
310.7%
Debt to equity ratio
JP¥16.21b
Debt
| Interest coverage ratio | 4.5x |
| Cash | JP¥2.57b |
| Equity | JP¥5.22b |
| Total liabilities | JP¥19.31b |
| Total assets | JP¥24.53b |
Recent financial health updates
LeTech (TSE:3497) Has A Somewhat Strained Balance Sheet
Sep 17
LeTech (TSE:3497) Has A Somewhat Strained Balance Sheet
Mar 19Recent updates
LeTech Corporation's (TSE:3497) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Sep 19LeTech (TSE:3497) Has A Somewhat Strained Balance Sheet
Sep 17LeTech Corporation's (TSE:3497) 34% Dip In Price Shows Sentiment Is Matching Revenues
Aug 03With EPS Growth And More, LeTech (TSE:3497) Makes An Interesting Case
Jul 30LeTech Corporation's (TSE:3497) Price Is Out Of Tune With Revenues
Jun 10We Think You Should Be Aware Of Some Concerning Factors In LeTech's (TSE:3497) Earnings
Mar 27LeTech (TSE:3497) Has A Somewhat Strained Balance Sheet
Mar 19Financial Position Analysis
Short Term Liabilities: 3497's short term assets (¥23.1B) exceed its short term liabilities (¥11.9B).
Long Term Liabilities: 3497's short term assets (¥23.1B) exceed its long term liabilities (¥7.4B).
Debt to Equity History and Analysis
Debt Level: 3497's net debt to equity ratio (261.4%) is considered high.
Reducing Debt: 3497's debt to equity ratio has reduced from 1165.1% to 310.7% over the past 5 years.
Debt Coverage: 3497's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3497's interest payments on its debt are well covered by EBIT (4.5x coverage).