ForsideLtd Balance Sheet Health

Financial Health criteria checks 3/6

ForsideLtd has a total shareholder equity of ¥2.1B and total debt of ¥661.0M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are ¥5.9B and ¥3.7B respectively. ForsideLtd's EBIT is ¥2.0M making its interest coverage ratio 1. It has cash and short-term investments of ¥2.1B.

Key information

31.1%

Debt to equity ratio

JP¥661.00m

Debt

Interest coverage ratio	1x
Cash	JP¥2.12b
Equity	JP¥2.13b
Total liabilities	JP¥3.74b
Total assets	JP¥5.86b

Recent financial health updates

Recent updates

Forside Co.,Ltd.'s (TSE:2330) 27% Share Price Plunge Could Signal Some Risk

Aug 23

ForsideLtd (TSE:2330) Shareholders Will Want The ROCE Trajectory To Continue

Jul 15

Forside Co.,Ltd. (TSE:2330) May Have Run Too Fast Too Soon With Recent 25% Price Plummet

Jun 08

Is ForsideLtd (TSE:2330) Using Too Much Debt?

May 12

Some Forside Co.,Ltd. (TSE:2330) Shareholders Look For Exit As Shares Take 32% Pounding

Apr 20

We Like These Underlying Return On Capital Trends At ForsideLtd (TSE:2330)

Apr 11

There's Reason For Concern Over Forside Co.,Ltd.'s (TSE:2330) Massive 407% Price Jump

Feb 26

Is ForsideLtd (TYO:2330) Using Debt Sensibly?

Apr 24

Is Forside (TYO:2330) A Risky Investment?

Jan 09

Financial Position Analysis

Short Term Liabilities: 2330's short term assets (¥5.0B) exceed its short term liabilities (¥3.4B).

Long Term Liabilities: 2330's short term assets (¥5.0B) exceed its long term liabilities (¥368.0M).

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 28.2% to 31.1% over the past 5 years.

Debt Coverage: 2330's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2330's interest payments on its debt are not well covered by EBIT (1x coverage).

ForsideLtd Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Is ForsideLtd (TSE:2330) Using Too Much Debt?

Is ForsideLtd (TYO:2330) Using Debt Sensibly?

Is Forside (TYO:2330) A Risky Investment?

Recent updates

Mirai Revitalization Support Organization LLC agreed to acquire Japan Rent Apartment Guarantee Organization KK from Forside Co.,Ltd. (TSE:2330) for approximately ¥200 million.

Forside Co.,Ltd.'s (TSE:2330) 27% Share Price Plunge Could Signal Some Risk

Second quarter 2024 earnings released: JP¥0.98 loss per share (vs JP¥1.54 profit in 2Q 2023)

ForsideLtd (TSE:2330) Shareholders Will Want The ROCE Trajectory To Continue

Forside Co.,Ltd. (TSE:2330) May Have Run Too Fast Too Soon With Recent 25% Price Plummet

First quarter 2024 earnings released: JP¥1.01 loss per share (vs JP¥0.15 profit in 1Q 2023)

Is ForsideLtd (TSE:2330) Using Too Much Debt?

Some Forside Co.,Ltd. (TSE:2330) Shareholders Look For Exit As Shares Take 32% Pounding

We Like These Underlying Return On Capital Trends At ForsideLtd (TSE:2330)

Forside Co.,Ltd. to Report Q2, 2024 Results on Aug 14, 2024

There's Reason For Concern Over Forside Co.,Ltd.'s (TSE:2330) Massive 407% Price Jump

Forside Co.,Ltd., Annual General Meeting, Mar 28, 2024

Full year 2023 earnings released: EPS: JP¥3.29 (vs JP¥3.29 loss in FY 2022)

New minor risk - Share price stability

Forside Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024

Third quarter 2023 earnings released: JP¥0.20 loss per share (vs JP¥0.52 loss in 3Q 2022)

New minor risk - Share price stability

Forside Co.,Ltd. to Report Q3, 2023 Results on Nov 13, 2023

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: EPS: JP¥1.54 (vs JP¥0.12 loss in 2Q 2022)

Forside Co.,Ltd. announced that it expects to receive ¥405.27 million in funding

Forside Co.,Ltd. to Report Q2, 2023 Results on Aug 14, 2023

First quarter 2023 earnings released: EPS: JP¥0.15 (vs JP¥1.97 loss in 1Q 2022)

Full year 2022 earnings released: JP¥3.29 loss per share (vs JP¥2.61 profit in FY 2021)

Forside Co.,Ltd., Annual General Meeting, Mar 29, 2023

Full year 2022 earnings released: JP¥3.29 loss per share (vs JP¥2.61 profit in FY 2021)

Forside Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 13, 2023

Ren Ohara agreed to acquire Forside Financial Service Co., Ltd. from Forside Co.,Ltd. (TSE:2330).

Third quarter 2022 earnings released: JP¥0.52 loss per share (vs JP¥1.63 profit in 3Q 2021)

Less than half of directors are independent

Forside Co.,Ltd. to Report Q3, 2022 Results on Nov 11, 2022

Second quarter 2022 earnings released: JP¥0.12 loss per share (vs JP¥3.32 profit in 2Q 2021)

Forside Co.,Ltd. to Report Q2, 2022 Results on Aug 12, 2022

First quarter 2022 earnings released: JP¥1.97 loss per share (vs JP¥1.72 profit in 1Q 2021)

Less than half of directors are independent

Forside Co.,Ltd. to Report Q1, 2022 Results on May 13, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Forside Co.,Ltd., Annual General Meeting, Mar 24, 2022

Third quarter 2021 earnings released: EPS JP¥1.63 (vs JP¥0.65 loss in 3Q 2020)

First quarter 2021 earnings released: EPS JP¥1.72 (vs JP¥10.57 loss in 1Q 2020)

Is ForsideLtd (TYO:2330) Using Debt Sensibly?

Full year 2020 earnings released: JP¥10.69 loss per share (vs JP¥4.95 loss in FY 2019)

Full year 2020 earnings released: JP¥10.69 loss per share (vs JP¥4.95 loss in FY 2019)

Is Forside (TYO:2330) A Risky Investment?

Forside Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021

New 90-day low: JP¥75.00

New 90-day low: JP¥86.00

Third quarter 2020 earnings released: JP¥0.65 loss per share

New 90-day low: JP¥87.00

Forside Co., Ltd. to Report Q3, 2020 Results on Nov 13, 2020

Forside Co., Ltd. to Report Q2, 2020 Results on Aug 14, 2020

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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