NEW ART HOLDINGS Balance Sheet Health
Financial Health criteria checks 3/6
NEW ART HOLDINGS has a total shareholder equity of ¥8.8B and total debt of ¥7.7B, which brings its debt-to-equity ratio to 87.8%. Its total assets and total liabilities are ¥22.1B and ¥13.3B respectively. NEW ART HOLDINGS's EBIT is ¥2.9B making its interest coverage ratio 27.3. It has cash and short-term investments of ¥1.0B.
Key information
87.8%
Debt to equity ratio
JP¥7.70b
Debt
Interest coverage ratio | 27.3x |
Cash | JP¥1.02b |
Equity | JP¥8.77b |
Total liabilities | JP¥13.34b |
Total assets | JP¥22.12b |
Recent financial health updates
Recent updates
Shareholders Are Optimistic That NEW ART HOLDINGS (TYO:7638) Will Multiply In Value
Apr 08Is NEW ART HOLDINGS Co., Ltd. (TYO:7638) The Right Choice For A Smart Dividend Investor?
Mar 24How Much Of NEW ART HOLDINGS Co., Ltd. (TYO:7638) Do Insiders Own?
Mar 05We Think NEW ART HOLDINGS (TYO:7638) Is Taking Some Risk With Its Debt
Feb 17If You Had Bought NEW ART HOLDINGS (TYO:7638) Stock Three Years Ago, You Could Pocket A 49% Gain Today
Feb 02Do Its Financials Have Any Role To Play In Driving NEW ART HOLDINGS Co., Ltd.'s (TYO:7638) Stock Up Recently?
Jan 20Is NEW ART HOLDINGS (TYO:7638) A Compounding Machine?
Jan 06Is NEW ART HOLDINGS Co., Ltd. (TYO:7638) A Smart Choice For Dividend Investors?
Dec 23Are NEW ART HOLDINGS's (TYO:7638) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Dec 08What You Need To Know About NEW ART HOLDINGS Co., Ltd.'s (TYO:7638) Investor Composition
Nov 23Financial Position Analysis
Short Term Liabilities: 7638's short term assets (¥12.0B) exceed its short term liabilities (¥9.4B).
Long Term Liabilities: 7638's short term assets (¥12.0B) exceed its long term liabilities (¥3.9B).
Debt to Equity History and Analysis
Debt Level: 7638's net debt to equity ratio (76.2%) is considered high.
Reducing Debt: 7638's debt to equity ratio has increased from 55.7% to 87.8% over the past 5 years.
Debt Coverage: 7638's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: 7638's interest payments on its debt are well covered by EBIT (27.3x coverage).