ForsideLtd Balance Sheet Health
Financial Health criteria checks 5/6
ForsideLtd has a total shareholder equity of ¥1.6B and total debt of ¥497.0M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are ¥4.4B and ¥2.9B respectively. ForsideLtd's EBIT is ¥53.0M making its interest coverage ratio 8.8. It has cash and short-term investments of ¥1.2B.
Key information
31.6%
Debt to equity ratio
JP¥497.00m
Debt
Interest coverage ratio | 8.8x |
Cash | JP¥1.19b |
Equity | JP¥1.57b |
Total liabilities | JP¥2.87b |
Total assets | JP¥4.45b |
Recent financial health updates
Is ForsideLtd (TSE:2330) Using Too Much Debt?
May 12Is ForsideLtd (TYO:2330) Using Debt Sensibly?
Apr 24Is Forside (TYO:2330) A Risky Investment?
Jan 09Recent updates
Is ForsideLtd (TSE:2330) Using Too Much Debt?
May 12Some Forside Co.,Ltd. (TSE:2330) Shareholders Look For Exit As Shares Take 32% Pounding
Apr 20We Like These Underlying Return On Capital Trends At ForsideLtd (TSE:2330)
Apr 11There's Reason For Concern Over Forside Co.,Ltd.'s (TSE:2330) Massive 407% Price Jump
Feb 26Is ForsideLtd (TYO:2330) Using Debt Sensibly?
Apr 24Is Forside (TYO:2330) A Risky Investment?
Jan 09Financial Position Analysis
Short Term Liabilities: 2330's short term assets (¥3.7B) exceed its short term liabilities (¥2.5B).
Long Term Liabilities: 2330's short term assets (¥3.7B) exceed its long term liabilities (¥412.0M).
Debt to Equity History and Analysis
Debt Level: 2330 has more cash than its total debt.
Reducing Debt: 2330's debt to equity ratio has increased from 18.9% to 31.6% over the past 5 years.
Debt Coverage: 2330's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 2330's interest payments on its debt are well covered by EBIT (8.8x coverage).