Area Quest Balance Sheet Health
Financial Health criteria checks 2/6
Area Quest has a total shareholder equity of ¥1.4B and total debt of ¥800.0M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are ¥4.2B and ¥2.8B respectively. Area Quest's EBIT is ¥124.0M making its interest coverage ratio 8.9. It has cash and short-term investments of ¥395.0M.
Key information
58.4%
Debt to equity ratio
JP¥800.00m
Debt
| Interest coverage ratio | 8.9x |
| Cash | JP¥395.00m |
| Equity | JP¥1.37b |
| Total liabilities | JP¥2.79b |
| Total assets | JP¥4.16b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8912's short term assets (¥764.0M) do not cover its short term liabilities (¥994.0M).
Long Term Liabilities: 8912's short term assets (¥764.0M) do not cover its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 8912's net debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: 8912's debt to equity ratio has increased from 31.2% to 58.4% over the past 5 years.
Debt Coverage: 8912's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: 8912's interest payments on its debt are well covered by EBIT (8.9x coverage).