Pacific NetLtd Balance Sheet Health
Financial Health criteria checks 2/6
Pacific NetLtd has a total shareholder equity of ¥3.1B and total debt of ¥6.4B, which brings its debt-to-equity ratio to 208.4%. Its total assets and total liabilities are ¥10.5B and ¥7.4B respectively. Pacific NetLtd's EBIT is ¥658.0M making its interest coverage ratio 18.8. It has cash and short-term investments of ¥1.4B.
Key information
208.4%
Debt to equity ratio
JP¥6.38b
Debt
Interest coverage ratio | 18.8x |
Cash | JP¥1.38b |
Equity | JP¥3.06b |
Total liabilities | JP¥7.43b |
Total assets | JP¥10.49b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3021's short term assets (¥2.4B) do not cover its short term liabilities (¥3.2B).
Long Term Liabilities: 3021's short term assets (¥2.4B) do not cover its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 3021's net debt to equity ratio (163.2%) is considered high.
Reducing Debt: 3021's debt to equity ratio has increased from 45.1% to 208.4% over the past 5 years.
Debt Coverage: 3021's debt is well covered by operating cash flow (39.5%).
Interest Coverage: 3021's interest payments on its debt are well covered by EBIT (18.8x coverage).