Starts Balance Sheet Health
Financial Health criteria checks 6/6
Starts has a total shareholder equity of ¥155.2B and total debt of ¥75.6B, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are ¥309.0B and ¥153.8B respectively. Starts's EBIT is ¥28.7B making its interest coverage ratio -65.8. It has cash and short-term investments of ¥80.5B.
Key information
48.7%
Debt to equity ratio
JP¥75.60b
Debt
Interest coverage ratio | -65.8x |
Cash | JP¥80.55b |
Equity | JP¥155.15b |
Total liabilities | JP¥153.84b |
Total assets | JP¥308.99b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8850's short term assets (¥136.4B) exceed its short term liabilities (¥92.1B).
Long Term Liabilities: 8850's short term assets (¥136.4B) exceed its long term liabilities (¥61.7B).
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 93.7% to 48.7% over the past 5 years.
Debt Coverage: 8850's debt is well covered by operating cash flow (26.7%).
Interest Coverage: 8850 earns more interest than it pays, so coverage of interest payments is not a concern.