Path Corporation

TSE:3840 Stock Report

Market Cap: JP¥4.6b

Path Balance Sheet Health

Financial Health criteria checks 3/6

Path has a total shareholder equity of ¥1.9B and total debt of ¥250.0M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are ¥2.5B and ¥621.0M respectively.

Key information

13.12%

Debt to equity ratio

JP¥250.00m

Debt

Interest coverage ration/a
CashJP¥357.00m
EquityJP¥1.91b
Total liabilitiesJP¥621.00m
Total assetsJP¥2.53b

Recent financial health updates

Analysis Article • Feb 09

Path (TSE:3840) Is Making Moderate Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Oct 29

Does Path (TSE:3840) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Nov 01

Path (TSE:3840) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Mar 21

We're Hopeful That Path (TSE:3840) Will Use Its Cash Wisely

We can readily understand why investors are attracted to unprofitable companies. By way of example, Path ( TSE:3840...

Recent updates

Analysis Article • Feb 09

Path (TSE:3840) Is Making Moderate Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 17

More Unpleasant Surprises Could Be In Store For Path Corporation's (TSE:3840) Shares After Tumbling 35%

The Path Corporation ( TSE:3840 ) share price has fared very poorly over the last month, falling by a substantial 35...
Analysis Article • Oct 29

Does Path (TSE:3840) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Apr 07

Some Path Corporation (TSE:3840) Shareholders Look For Exit As Shares Take 26% Pounding

The Path Corporation ( TSE:3840 ) share price has fared very poorly over the last month, falling by a substantial 26...
Analysis Article • Nov 01

Path (TSE:3840) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Aug 11

More Unpleasant Surprises Could Be In Store For Path Corporation's (TSE:3840) Shares After Tumbling 28%

Path Corporation ( TSE:3840 ) shareholders that were waiting for something to happen have been dealt a blow with a 28...
Analysis Article • Jun 26

Path Corporation's (TSE:3840) Share Price Not Quite Adding Up

When close to half the companies in the Multiline Retail industry in Japan have price-to-sales ratios (or "P/S") below...
Analysis Article • Mar 21

We're Hopeful That Path (TSE:3840) Will Use Its Cash Wisely

We can readily understand why investors are attracted to unprofitable companies. By way of example, Path ( TSE:3840...

Financial Position Analysis

Short Term Liabilities: 3840's short term assets (¥1.8B) exceed its short term liabilities (¥610.0M).

Long Term Liabilities: 3840's short term assets (¥1.8B) exceed its long term liabilities (¥11.0M).

Debt to Equity History and Analysis

Debt Level: 3840 has more cash than its total debt.

Reducing Debt: 3840's debt to equity ratio has increased from 0% to 13.1% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 3840 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 3840 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 3.5% each year

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 09:33
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Path Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.