Palemo HoldingsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Palemo HoldingsLtd has a total shareholder equity of ¥1.6B and total debt of ¥2.9B, which brings its debt-to-equity ratio to 177.8%. Its total assets and total liabilities are ¥8.4B and ¥6.8B respectively. Palemo HoldingsLtd's EBIT is ¥363.0M making its interest coverage ratio 8.9. It has cash and short-term investments of ¥3.6B.
Key information
177.8%
Debt to equity ratio
JP¥2.92b
Debt
Interest coverage ratio | 8.9x |
Cash | JP¥3.56b |
Equity | JP¥1.64b |
Total liabilities | JP¥6.78b |
Total assets | JP¥8.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2778's short term assets (¥5.6B) do not cover its short term liabilities (¥6.2B).
Long Term Liabilities: 2778's short term assets (¥5.6B) exceed its long term liabilities (¥538.0M).
Debt to Equity History and Analysis
Debt Level: 2778 has more cash than its total debt.
Reducing Debt: 2778's debt to equity ratio has increased from 64.5% to 177.8% over the past 5 years.
Debt Coverage: 2778's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: 2778's interest payments on its debt are well covered by EBIT (8.9x coverage).