GiG Works Balance Sheet Health
Financial Health criteria checks 5/6
GiG Works has a total shareholder equity of ¥3.2B and total debt of ¥2.7B, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are ¥8.9B and ¥5.7B respectively. GiG Works's EBIT is ¥202.0M making its interest coverage ratio 11.2. It has cash and short-term investments of ¥2.4B.
Key information
84.8%
Debt to equity ratio
JP¥2.69b
Debt
Interest coverage ratio | 11.2x |
Cash | JP¥2.43b |
Equity | JP¥3.17b |
Total liabilities | JP¥5.74b |
Total assets | JP¥8.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2375's short term assets (¥6.0B) exceed its short term liabilities (¥4.4B).
Long Term Liabilities: 2375's short term assets (¥6.0B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 2375's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 2375's debt to equity ratio has increased from 64.9% to 84.8% over the past 5 years.
Debt Coverage: 2375's debt is well covered by operating cash flow (42%).
Interest Coverage: 2375's interest payments on its debt are well covered by EBIT (11.2x coverage).