Golf Do Balance Sheet Health
Financial Health criteria checks 4/6
Golf Do has a total shareholder equity of ¥811.0M and total debt of ¥1.7B, which brings its debt-to-equity ratio to 213.9%. Its total assets and total liabilities are ¥3.5B and ¥2.6B respectively. Golf Do's EBIT is ¥26.0M making its interest coverage ratio 3.7. It has cash and short-term investments of ¥640.0M.
Key information
213.9%
Debt to equity ratio
JP¥1.74b
Debt
| Interest coverage ratio | 3.7x |
| Cash | JP¥640.00m |
| Equity | JP¥811.00m |
| Total liabilities | JP¥2.64b |
| Total assets | JP¥3.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3032's short term assets (¥2.6B) exceed its short term liabilities (¥1.7B).
Long Term Liabilities: 3032's short term assets (¥2.6B) exceed its long term liabilities (¥946.0M).
Debt to Equity History and Analysis
Debt Level: 3032's net debt to equity ratio (135%) is considered high.
Reducing Debt: 3032's debt to equity ratio has reduced from 438.4% to 213.9% over the past 5 years.
Debt Coverage: 3032's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: 3032's interest payments on its debt are well covered by EBIT (3.7x coverage).