NEW ART HOLDINGS Balance Sheet Health
Financial Health criteria checks 4/6
NEW ART HOLDINGS has a total shareholder equity of ¥8.9B and total debt of ¥7.0B, which brings its debt-to-equity ratio to 78.5%. Its total assets and total liabilities are ¥22.0B and ¥13.1B respectively. NEW ART HOLDINGS's EBIT is ¥2.9B making its interest coverage ratio 23.9. It has cash and short-term investments of ¥1.7B.
Key information
78.5%
Debt to equity ratio
JP¥6.96b
Debt
| Interest coverage ratio | 23.9x |
| Cash | JP¥1.71b |
| Equity | JP¥8.87b |
| Total liabilities | JP¥13.12b |
| Total assets | JP¥21.99b |
Recent financial health updates
Recent updates
There May Be Reason For Hope In NEW ART HOLDINGS' (TSE:7638) Disappointing Earnings
May 21
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 17
If 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 (¥9.5B).
Long Term Liabilities: 7638's short term assets (¥12.0B) exceed its long term liabilities (¥3.6B).
Debt to Equity History and Analysis
Debt Level: 7638's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: 7638's debt to equity ratio has increased from 49.9% to 78.5% over the past 5 years.
Debt Coverage: 7638's debt is well covered by operating cash flow (27.4%).
Interest Coverage: 7638's interest payments on its debt are well covered by EBIT (23.9x coverage).