Hard Off CorporationLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hard OffLtd has a total shareholder equity of ¥17.0B and total debt of ¥3.2B, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are ¥24.0B and ¥7.0B respectively. Hard OffLtd's EBIT is ¥3.3B making its interest coverage ratio -57.8. It has cash and short-term investments of ¥2.9B.
Key information
19.0%
Debt to equity ratio
JP¥3.23b
Debt
| Interest coverage ratio | -57.8x |
| Cash | JP¥2.91b |
| Equity | JP¥17.02b |
| Total liabilities | JP¥7.00b |
| Total assets | JP¥24.02b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2674's short term assets (¥12.9B) exceed its short term liabilities (¥5.8B).
Long Term Liabilities: 2674's short term assets (¥12.9B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 2674's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 2674's debt to equity ratio has increased from 2.3% to 19% over the past 5 years.
Debt Coverage: 2674's debt is well covered by operating cash flow (57.9%).
Interest Coverage: 2674 earns more interest than it pays, so coverage of interest payments is not a concern.