Tokyo RakutenchiLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tokyo RakutenchiLtd has a total shareholder equity of ¥32.7B and total debt of ¥2.8B, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are ¥41.7B and ¥9.0B respectively. Tokyo RakutenchiLtd's EBIT is ¥1.1B making its interest coverage ratio -16.2. It has cash and short-term investments of ¥1.7B.
Key information
8.7%
Debt to equity ratio
JP¥2.83b
Debt
| Interest coverage ratio | -16.2x |
| Cash | JP¥1.75b |
| Equity | JP¥32.69b |
| Total liabilities | JP¥9.00b |
| Total assets | JP¥41.69b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8842's short term assets (¥3.1B) exceed its short term liabilities (¥3.0B).
Long Term Liabilities: 8842's short term assets (¥3.1B) do not cover its long term liabilities (¥6.1B).
Debt to Equity History and Analysis
Debt Level: 8842's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: 8842's debt to equity ratio has reduced from 26% to 8.7% over the past 5 years.
Debt Coverage: 8842's debt is well covered by operating cash flow (65.5%).
Interest Coverage: 8842 earns more interest than it pays, so coverage of interest payments is not a concern.