Pacific NetLtd Balance Sheet Health
Financial Health criteria checks 2/6
Pacific NetLtd has a total shareholder equity of ¥2.9B and total debt of ¥6.2B, which brings its debt-to-equity ratio to 211.8%. Its total assets and total liabilities are ¥10.2B and ¥7.3B respectively. Pacific NetLtd's EBIT is ¥694.0M making its interest coverage ratio 17.4. It has cash and short-term investments of ¥1.2B.
Key information
211.8%
Debt to equity ratio
JP¥6.21b
Debt
| Interest coverage ratio | 17.4x |
| Cash | JP¥1.24b |
| Equity | JP¥2.93b |
| Total liabilities | JP¥7.31b |
| Total assets | JP¥10.24b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3021's short term assets (¥2.1B) do not cover its short term liabilities (¥3.2B).
Long Term Liabilities: 3021's short term assets (¥2.1B) do not cover its long term liabilities (¥4.1B).
Debt to Equity History and Analysis
Debt Level: 3021's net debt to equity ratio (169.3%) is considered high.
Reducing Debt: 3021's debt to equity ratio has increased from 64.6% to 211.8% over the past 5 years.
Debt Coverage: 3021's debt is well covered by operating cash flow (40.6%).
Interest Coverage: 3021's interest payments on its debt are well covered by EBIT (17.4x coverage).