Grandy House Balance Sheet Health
Financial Health criteria checks 3/6
Grandy House has a total shareholder equity of ¥24.8B and total debt of ¥44.8B, which brings its debt-to-equity ratio to 180.3%. Its total assets and total liabilities are ¥75.8B and ¥51.0B respectively. Grandy House's EBIT is ¥1.5B making its interest coverage ratio 4.4. It has cash and short-term investments of ¥8.4B.
Key information
180.3%
Debt to equity ratio
JP¥44.77b
Debt
Interest coverage ratio | 4.4x |
Cash | JP¥8.44b |
Equity | JP¥24.83b |
Total liabilities | JP¥51.00b |
Total assets | JP¥75.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8999's short term assets (¥61.4B) exceed its short term liabilities (¥28.2B).
Long Term Liabilities: 8999's short term assets (¥61.4B) exceed its long term liabilities (¥22.8B).
Debt to Equity History and Analysis
Debt Level: 8999's net debt to equity ratio (146.3%) is considered high.
Reducing Debt: 8999's debt to equity ratio has increased from 101.6% to 180.3% over the past 5 years.
Debt Coverage: 8999's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8999's interest payments on its debt are well covered by EBIT (4.4x coverage).