LAND Balance Sheet Health
Financial Health criteria checks 4/6
LAND has a total shareholder equity of ¥7.3B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ¥9.6B and ¥2.3B respectively. LAND's EBIT is ¥159.0M making its interest coverage ratio 5.7. It has cash and short-term investments of ¥2.1B.
Key information
17.0%
Debt to equity ratio
JP¥1.24b
Debt
| Interest coverage ratio | 5.7x |
| Cash | JP¥2.06b |
| Equity | JP¥7.27b |
| Total liabilities | JP¥2.32b |
| Total assets | JP¥9.59b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8918's short term assets (¥9.5B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 8918's short term assets (¥9.5B) exceed its long term liabilities (¥737.0M).
Debt to Equity History and Analysis
Debt Level: 8918 has more cash than its total debt.
Reducing Debt: 8918's debt to equity ratio has increased from 8.6% to 17% over the past 5 years.
Debt Coverage: 8918's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8918's interest payments on its debt are well covered by EBIT (5.7x coverage).