J.E.T Balance Sheet Health
Financial Health criteria checks 5/6
J.E.T has a total shareholder equity of ¥12.4B and total debt of ¥6.7B, which brings its debt-to-equity ratio to 53.9%. Its total assets and total liabilities are ¥28.8B and ¥16.4B respectively. J.E.T's EBIT is ¥2.6B making its interest coverage ratio 49.3. It has cash and short-term investments of ¥3.3B.
Key information
53.9%
Debt to equity ratio
JP¥6.69b
Debt
Interest coverage ratio | 49.3x |
Cash | JP¥3.32b |
Equity | JP¥12.41b |
Total liabilities | JP¥16.36b |
Total assets | JP¥28.77b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6228's short term assets (¥27.1B) exceed its short term liabilities (¥11.5B).
Long Term Liabilities: 6228's short term assets (¥27.1B) exceed its long term liabilities (¥4.9B).
Debt to Equity History and Analysis
Debt Level: 6228's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 6228's debt to equity ratio has reduced from 63.3% to 53.9% over the past 5 years.
Debt Coverage: 6228's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6228's interest payments on its debt are well covered by EBIT (49.3x coverage).