Banners Balance Sheet Health
Financial Health criteria checks 2/6
Banners has a total shareholder equity of ¥2.4B and total debt of ¥3.3B, which brings its debt-to-equity ratio to 137.7%. Its total assets and total liabilities are ¥8.7B and ¥6.2B respectively. Banners's EBIT is ¥254.0M making its interest coverage ratio 9.4. It has cash and short-term investments of ¥628.0M.
Key information
137.7%
Debt to equity ratio
JP¥3.33b
Debt
Interest coverage ratio | 9.4x |
Cash | JP¥628.00m |
Equity | JP¥2.42b |
Total liabilities | JP¥6.24b |
Total assets | JP¥8.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3011's short term assets (¥1.9B) exceed its short term liabilities (¥1.2B).
Long Term Liabilities: 3011's short term assets (¥1.9B) do not cover its long term liabilities (¥5.0B).
Debt to Equity History and Analysis
Debt Level: 3011's net debt to equity ratio (111.7%) is considered high.
Reducing Debt: 3011's debt to equity ratio has increased from 75% to 137.7% over the past 5 years.
Debt Coverage: 3011's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: 3011's interest payments on its debt are well covered by EBIT (9.4x coverage).