Grandy House Balance Sheet Health
Financial Health criteria checks 2/6
Grandy House has a total shareholder equity of ¥24.4B and total debt of ¥41.2B, which brings its debt-to-equity ratio to 169.3%. Its total assets and total liabilities are ¥71.7B and ¥47.4B respectively. Grandy House's EBIT is ¥1.0B making its interest coverage ratio 2.7. It has cash and short-term investments of ¥11.0B.
Key information
169.3%
Debt to equity ratio
JP¥41.24b
Debt
| Interest coverage ratio | 2.7x |
| Cash | JP¥10.96b |
| Equity | JP¥24.36b |
| Total liabilities | JP¥47.37b |
| Total assets | JP¥71.73b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8999's short term assets (¥57.2B) exceed its short term liabilities (¥26.3B).
Long Term Liabilities: 8999's short term assets (¥57.2B) exceed its long term liabilities (¥21.1B).
Debt to Equity History and Analysis
Debt Level: 8999's net debt to equity ratio (124.3%) is considered high.
Reducing Debt: 8999's debt to equity ratio has increased from 128.7% to 169.3% over the past 5 years.
Debt Coverage: 8999's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: 8999's interest payments on its debt are not well covered by EBIT (2.7x coverage).