Hard Off CorporationLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hard OffLtd has a total shareholder equity of ¥16.1B and total debt of ¥2.7B, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are ¥22.2B and ¥6.1B respectively. Hard OffLtd's EBIT is ¥2.5B making its interest coverage ratio -60. It has cash and short-term investments of ¥2.6B.
Key information
16.6%
Debt to equity ratio
JP¥2.66b
Debt
| Interest coverage ratio | -60x |
| Cash | JP¥2.63b |
| Equity | JP¥16.06b |
| Total liabilities | JP¥6.12b |
| Total assets | JP¥22.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2674's short term assets (¥12.0B) exceed its short term liabilities (¥4.9B).
Long Term Liabilities: 2674's short term assets (¥12.0B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 2674's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: 2674's debt to equity ratio has increased from 0% to 16.6% over the past 5 years.
Debt Coverage: 2674's debt is well covered by operating cash flow (53.8%).
Interest Coverage: 2674 earns more interest than it pays, so coverage of interest payments is not a concern.