Area Quest Balance Sheet Health
Financial Health criteria checks 3/6
Area Quest has a total shareholder equity of ¥1.7B and total debt of ¥660.0M, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are ¥4.3B and ¥2.6B respectively. Area Quest's EBIT is ¥155.0M making its interest coverage ratio 15.5. It has cash and short-term investments of ¥478.0M.
Key information
38.4%
Debt to equity ratio
JP¥660.00m
Debt
Interest coverage ratio | 15.5x |
Cash | JP¥478.00m |
Equity | JP¥1.72b |
Total liabilities | JP¥2.60b |
Total assets | JP¥4.32b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8912's short term assets (¥816.0M) do not cover its short term liabilities (¥900.0M).
Long Term Liabilities: 8912's short term assets (¥816.0M) do not cover its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 8912's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: 8912's debt to equity ratio has increased from 35.6% to 38.4% over the past 5 years.
Debt Coverage: 8912's debt is well covered by operating cash flow (29.5%).
Interest Coverage: 8912's interest payments on its debt are well covered by EBIT (15.5x coverage).