Starts Proceed Investment Balance Sheet Health
Financial Health criteria checks 1/6
Starts Proceed Investment has a total shareholder equity of ¥48.9B and total debt of ¥52.8B, which brings its debt-to-equity ratio to 108.2%. Its total assets and total liabilities are ¥103.4B and ¥54.6B respectively. Starts Proceed Investment's EBIT is ¥3.1B making its interest coverage ratio 6.7. It has cash and short-term investments of ¥1.3B.
Key information
108.2%
Debt to equity ratio
JP¥52.85b
Debt
Interest coverage ratio | 6.7x |
Cash | JP¥1.31b |
Equity | JP¥48.85b |
Total liabilities | JP¥54.59b |
Total assets | JP¥103.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8979's short term assets (¥3.8B) do not cover its short term liabilities (¥9.6B).
Long Term Liabilities: 8979's short term assets (¥3.8B) do not cover its long term liabilities (¥45.0B).
Debt to Equity History and Analysis
Debt Level: 8979's net debt to equity ratio (105.5%) is considered high.
Reducing Debt: 8979's debt to equity ratio has increased from 105.9% to 108.2% over the past 5 years.
Debt Coverage: 8979's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 8979's interest payments on its debt are well covered by EBIT (6.7x coverage).