Ichigo Office REIT Investment Balance Sheet Health
Financial Health criteria checks 2/6
Ichigo Office REIT Investment has a total shareholder equity of ¥102.0B and total debt of ¥114.9B, which brings its debt-to-equity ratio to 112.7%. Its total assets and total liabilities are ¥231.0B and ¥129.0B respectively. Ichigo Office REIT Investment's EBIT is ¥11.1B making its interest coverage ratio 8.8. It has cash and short-term investments of ¥6.5B.
Key information
112.7%
Debt to equity ratio
JP¥114.91b
Debt
Interest coverage ratio | 8.8x |
Cash | JP¥6.49b |
Equity | JP¥102.00b |
Total liabilities | JP¥129.00b |
Total assets | JP¥231.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8975's short term assets (¥21.1B) exceed its short term liabilities (¥10.6B).
Long Term Liabilities: 8975's short term assets (¥21.1B) do not cover its long term liabilities (¥118.4B).
Debt to Equity History and Analysis
Debt Level: 8975's net debt to equity ratio (106.3%) is considered high.
Reducing Debt: 8975's debt to equity ratio has increased from 102.3% to 112.7% over the past 5 years.
Debt Coverage: 8975's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 8975's interest payments on its debt are well covered by EBIT (8.8x coverage).