Grandy House Balance Sheet Health
Financial Health criteria checks 2/6
Grandy House has a total shareholder equity of ¥24.1B and total debt of ¥43.6B, which brings its debt-to-equity ratio to 180.5%. Its total assets and total liabilities are ¥74.2B and ¥50.0B respectively. Grandy House's EBIT is ¥1.0B making its interest coverage ratio 2.8. It has cash and short-term investments of ¥10.5B.
Key information
180.5%
Debt to equity ratio
JP¥43.59b
Debt
| Interest coverage ratio | 2.8x |
| Cash | JP¥10.50b |
| Equity | JP¥24.15b |
| Total liabilities | JP¥50.04b |
| Total assets | JP¥74.19b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8999's short term assets (¥59.6B) exceed its short term liabilities (¥28.2B).
Long Term Liabilities: 8999's short term assets (¥59.6B) exceed its long term liabilities (¥21.8B).
Debt to Equity History and Analysis
Debt Level: 8999's net debt to equity ratio (137%) is considered high.
Reducing Debt: 8999's debt to equity ratio has increased from 105.5% to 180.5% 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 not well covered by EBIT (2.8x coverage).