Golf Do Balance Sheet Health
Financial Health criteria checks 4/6
Golf Do has a total shareholder equity of ¥767.0M and total debt of ¥1.9B, which brings its debt-to-equity ratio to 243.8%. Its total assets and total liabilities are ¥3.5B and ¥2.8B respectively. Golf Do's EBIT is ¥36.0M making its interest coverage ratio 4.5. It has cash and short-term investments of ¥847.0M.
Key information
243.8%
Debt to equity ratio
JP¥1.87b
Debt
| Interest coverage ratio | 4.5x |
| Cash | JP¥847.00m |
| Equity | JP¥767.00m |
| Total liabilities | JP¥2.77b |
| Total assets | JP¥3.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3032's short term assets (¥2.7B) exceed its short term liabilities (¥1.7B).
Long Term Liabilities: 3032's short term assets (¥2.7B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 3032's net debt to equity ratio (133.4%) is considered high.
Reducing Debt: 3032's debt to equity ratio has reduced from 448.9% to 243.8% over the past 5 years.
Debt Coverage: 3032's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3032's interest payments on its debt are well covered by EBIT (4.5x coverage).