Cross Cat Balance Sheet Health
Financial Health criteria checks 5/6
Cross Cat has a total shareholder equity of ¥4.9B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are ¥8.8B and ¥3.9B respectively. Cross Cat's EBIT is ¥1.4B making its interest coverage ratio -92.2. It has cash and short-term investments of ¥2.6B.
Key information
24.3%
Debt to equity ratio
JP¥1.20b
Debt
Interest coverage ratio | -92.2x |
Cash | JP¥2.64b |
Equity | JP¥4.93b |
Total liabilities | JP¥3.88b |
Total assets | JP¥8.81b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2307's short term assets (¥6.5B) exceed its short term liabilities (¥2.9B).
Long Term Liabilities: 2307's short term assets (¥6.5B) exceed its long term liabilities (¥990.0M).
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 increased from 0% to 24.3% over the past 5 years.
Debt Coverage: 2307's debt is well covered by operating cash flow (119.8%).
Interest Coverage: 2307 earns more interest than it pays, so coverage of interest payments is not a concern.