Starts Balance Sheet Health
Financial Health criteria checks 6/6
Starts has a total shareholder equity of ¥165.3B and total debt of ¥73.4B, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are ¥324.1B and ¥158.8B respectively. Starts's EBIT is ¥30.5B making its interest coverage ratio -68.3. It has cash and short-term investments of ¥94.0B.
Key information
44.4%
Debt to equity ratio
JP¥73.43b
Debt
Interest coverage ratio | -68.3x |
Cash | JP¥94.04b |
Equity | JP¥165.32b |
Total liabilities | JP¥158.79b |
Total assets | JP¥324.11b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8850's short term assets (¥147.5B) exceed its short term liabilities (¥93.6B).
Long Term Liabilities: 8850's short term assets (¥147.5B) exceed its long term liabilities (¥65.2B).
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 81% to 44.4% over the past 5 years.
Debt Coverage: 8850's debt is well covered by operating cash flow (35%).
Interest Coverage: 8850 earns more interest than it pays, so coverage of interest payments is not a concern.