LAND Balance Sheet Health
Financial Health criteria checks 5/6
LAND has a total shareholder equity of ¥8.3B and total debt of ¥911.0M, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are ¥10.3B and ¥1.9B respectively. LAND's EBIT is ¥1.1B making its interest coverage ratio 34.8. It has cash and short-term investments of ¥3.5B.
Key information
10.9%
Debt to equity ratio
JP¥911.00m
Debt
| Interest coverage ratio | 34.8x |
| Cash | JP¥3.55b |
| Equity | JP¥8.34b |
| Total liabilities | JP¥1.91b |
| Total assets | JP¥10.26b |
Recent financial health updates
Is LAND (TSE:8918) Using Too Much Debt?
Sep 25
LAND (TSE:8918) Has A Pretty Healthy Balance Sheet
Jun 25Recent updates
Shareholders Will Be Pleased With The Quality of LAND's (TSE:8918) Earnings
Oct 18Is LAND (TSE:8918) Using Too Much Debt?
Sep 25Revenues Tell The Story For LAND Co., Ltd. (TSE:8918) As Its Stock Soars 29%
Jul 03LAND (TSE:8918) Has A Pretty Healthy Balance Sheet
Jun 25LAND's (TSE:8918) Anemic Earnings Might Be Worse Than You Think
Apr 18Financial Position Analysis
Short Term Liabilities: 8918's short term assets (¥10.2B) exceed its short term liabilities (¥1.5B).
Long Term Liabilities: 8918's short term assets (¥10.2B) exceed its long term liabilities (¥428.0M).
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 6.8% to 10.9% over the past 5 years.
Debt Coverage: 8918's debt is well covered by operating cash flow (175%).
Interest Coverage: 8918's interest payments on its debt are well covered by EBIT (34.8x coverage).