Starts Balance Sheet Health
Financial Health criteria checks 6/6
Starts has a total shareholder equity of ¥174.8B and total debt of ¥68.1B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are ¥318.1B and ¥143.3B respectively. Starts's EBIT is ¥32.9B making its interest coverage ratio -65.7. It has cash and short-term investments of ¥97.2B.
Key information
39.0%
Debt to equity ratio
JP¥68.12b
Debt
| Interest coverage ratio | -65.7x |
| Cash | JP¥97.18b |
| Equity | JP¥174.80b |
| Total liabilities | JP¥143.34b |
| Total assets | JP¥318.13b |
Financial Position Analysis
Short Term Liabilities: 8850's short term assets (¥142.5B) exceed its short term liabilities (¥81.4B).
Long Term Liabilities: 8850's short term assets (¥142.5B) exceed its long term liabilities (¥61.9B).
Debt to Equity History and Analysis
Debt Level: 8850 has more cash than its total debt.
Reducing Debt: 8850's debt to equity ratio has reduced from 80.1% to 39% over the past 5 years.
Debt Coverage: 8850's debt is well covered by operating cash flow (52.5%).
Interest Coverage: 8850 earns more interest than it pays, so coverage of interest payments is not a concern.