Can Do Balance Sheet Health
Financial Health criteria checks 4/6
Can Do has a total shareholder equity of ¥11.4B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are ¥29.9B and ¥18.5B respectively. Can Do's EBIT is ¥237.0M making its interest coverage ratio 29.6. It has cash and short-term investments of ¥2.8B.
Key information
33.4%
Debt to equity ratio
JP¥3.80b
Debt
Interest coverage ratio | 29.6x |
Cash | JP¥2.83b |
Equity | JP¥11.39b |
Total liabilities | JP¥18.46b |
Total assets | JP¥29.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2698's short term assets (¥15.5B) exceed its short term liabilities (¥13.9B).
Long Term Liabilities: 2698's short term assets (¥15.5B) exceed its long term liabilities (¥4.6B).
Debt to Equity History and Analysis
Debt Level: 2698's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 2698's debt to equity ratio has increased from 0% to 33.4% over the past 5 years.
Debt Coverage: 2698's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2698's interest payments on its debt are well covered by EBIT (29.6x coverage).