Cross Cat Balance Sheet Health
Financial Health criteria checks 6/6
Cross Cat has a total shareholder equity of ¥5.1B and total debt of ¥185.0M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are ¥8.1B and ¥3.0B respectively. Cross Cat's EBIT is ¥1.7B making its interest coverage ratio -81.8. It has cash and short-term investments of ¥1.5B.
Key information
3.6%
Debt to equity ratio
JP¥185.00m
Debt
| Interest coverage ratio | -81.8x |
| Cash | JP¥1.46b |
| Equity | JP¥5.11b |
| Total liabilities | JP¥3.00b |
| Total assets | JP¥8.11b |
Recent financial health updates
Recent updates
Cross Cat's (TSE:2307) Solid Profits Have Weak Fundamentals
Nov 21
Positive Sentiment Still Eludes Cross Cat Co., Ltd. (TSE:2307) Following 28% Share Price Slump
Aug 05Cross Cat's (TSE:2307) Earnings Are Weaker Than They Seem
May 23Slammed 27% Cross Cat Co., Ltd. (TSE:2307) Screens Well Here But There Might Be A Catch
Apr 19Here's Why Cross Cat (TSE:2307) Can Manage Its Debt Responsibly
Mar 05Market Participants Recognise Cross Cat Co., Ltd.'s (TSE:2307) Earnings Pushing Shares 29% Higher
Mar 04Financial Position Analysis
Short Term Liabilities: 2307's short term assets (¥5.7B) exceed its short term liabilities (¥2.0B).
Long Term Liabilities: 2307's short term assets (¥5.7B) exceed its long term liabilities (¥963.0M).
Debt to Equity History and Analysis
Debt Level: 2307 has more cash than its total debt.
Reducing Debt: 2307's debt to equity ratio has reduced from 9.9% to 3.6% over the past 5 years.
Debt Coverage: 2307's debt is well covered by operating cash flow (447%).
Interest Coverage: 2307 earns more interest than it pays, so coverage of interest payments is not a concern.