LeTech Balance Sheet Health
Financial Health criteria checks 4/6
LeTech has a total shareholder equity of ¥5.1B and total debt of ¥14.3B, which brings its debt-to-equity ratio to 279%. Its total assets and total liabilities are ¥22.4B and ¥17.2B respectively. LeTech's EBIT is ¥1.5B making its interest coverage ratio 4.4. It has cash and short-term investments of ¥2.2B.
Key information
279.0%
Debt to equity ratio
JP¥14.30b
Debt
Interest coverage ratio | 4.4x |
Cash | JP¥2.18b |
Equity | JP¥5.12b |
Total liabilities | JP¥17.23b |
Total assets | JP¥22.36b |
Recent financial health updates
Recent updates
With 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 (¥21.1B) exceed its short term liabilities (¥10.8B).
Long Term Liabilities: 3497's short term assets (¥21.1B) exceed its long term liabilities (¥6.5B).
Debt to Equity History and Analysis
Debt Level: 3497's net debt to equity ratio (236.6%) is considered high.
Reducing Debt: 3497's debt to equity ratio has reduced from 1062.7% to 279% over the past 5 years.
Debt Coverage: 3497's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 3497's interest payments on its debt are well covered by EBIT (4.4x coverage).