SHIFT Balance Sheet Health

Financial Health criteria checks 6/6

SHIFT has a total shareholder equity of ¥34.5B and total debt of ¥9.6B, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are ¥62.7B and ¥28.2B respectively. SHIFT's EBIT is ¥10.5B making its interest coverage ratio -878.1. It has cash and short-term investments of ¥20.9B.

Key information

27.7%

Debt to equity ratio

JP¥9.58b

Debt

Interest coverage ratio	-878.1x
Cash	JP¥20.87b
Equity	JP¥34.52b
Total liabilities	JP¥28.20b
Total assets	JP¥62.72b

Recent financial health updates

SHIFT (TSE:3697) Seems To Use Debt Rather Sparingly

Sep 17

SHIFT (TSE:3697) Could Easily Take On More Debt

Mar 11

Recent updates

SHIFT Inc.'s (TSE:3697) Share Price Is Still Matching Investor Opinion Despite 28% Slump

Apr 13

SHIFT (TSE:3697) Could Easily Take On More Debt

Mar 11

SHIFT (TSE:3697) Looks To Prolong Its Impressive Returns

Feb 29

Financial Position Analysis

Short Term Liabilities: 3697's short term assets (¥37.0B) exceed its short term liabilities (¥19.7B).

Long Term Liabilities: 3697's short term assets (¥37.0B) exceed its long term liabilities (¥8.5B).

Debt to Equity History and Analysis

Debt Level: 3697 has more cash than its total debt.

Reducing Debt: 3697's debt to equity ratio has reduced from 31% to 27.7% over the past 5 years.

Debt Coverage: 3697's debt is well covered by operating cash flow (94.9%).

Interest Coverage: 3697 earns more interest than it pays, so coverage of interest payments is not a concern.

SHIFT Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

SHIFT (TSE:3697) Seems To Use Debt Rather Sparingly

SHIFT (TSE:3697) Could Easily Take On More Debt

Recent updates

Now 21% undervalued

Full year 2024 earnings: EPS and revenues miss analyst expectations

Investor sentiment improves as stock rises 17%

SHIFT Inc. to Report Q1, 2025 Results on Jan 14, 2025

New minor risk - Profit margin trend

SHIFT's (TSE:3697) Conservative Accounting Might Explain Soft Earnings

Earnings Tell The Story For SHIFT Inc. (TSE:3697) As Its Stock Soars 27%

SHIFT Inc. (TSE:3697) announces an Equity Buyback for 80,000 shares, representing 0.45% for ¥1,000 million.

Consensus EPS estimates fall by 17%

SHIFT Inc., Annual General Meeting, Nov 25, 2024

SHIFT (TSE:3697) Seems To Use Debt Rather Sparingly

Consensus EPS estimates fall by 11%

Investor sentiment deteriorates as stock falls 17%

SHIFT Inc.'s (TSE:3697) 40% Jump Shows Its Popularity With Investors

Investor sentiment improves as stock rises 18%

SHIFT Inc. to Report Fiscal Year 2024 Results on Oct 10, 2024

Investor sentiment deteriorates as stock falls 16%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

SHIFT Inc.'s (TSE:3697) 26% Cheaper Price Remains In Tune With Earnings

Investor sentiment deteriorates as stock falls 25%

Price target decreased by 11% to JP¥26,260

We Like SHIFT's (TSE:3697) Returns And Here's How They're Trending

Is Now The Time To Look At Buying SHIFT Inc. (TSE:3697)?

Now 21% undervalued after recent price drop

SHIFT Inc. to Report Q3, 2024 Results on Jul 10, 2024

Investor sentiment improves as stock rises 16%

Price target decreased by 12% to JP¥29,660

Investor sentiment deteriorates as stock falls 21%

Now 20% undervalued after recent price drop

SHIFT Inc. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next

SHIFT Inc.'s (TSE:3697) Share Price Is Still Matching Investor Opinion Despite 28% Slump

Second quarter 2024 earnings: EPS misses analyst expectations

Now 21% overvalued

SHIFT (TSE:3697) Could Easily Take On More Debt

SHIFT (TSE:3697) Looks To Prolong Its Impressive Returns

SHIFT Inc. to Report Q2, 2024 Results on Apr 11, 2024

Investor sentiment deteriorates as stock falls 27%

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

SHIFT Inc. to Report Q1, 2024 Results on Jan 12, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 8.5% to JP¥30,680

New major risk - Share price stability

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

SHIFT Inc. to Report Fiscal Year 2023 Results on Oct 12, 2023

SHIFT Inc. to Report Q3, 2023 Results on Jul 13, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

SHIFT Inc. (TSE:3697) entered into an agreement to acquire Careersystems Inc. from Hisamu Saito for ¥1.17 billion

SHIFT Inc. to Report Q2, 2023 Results on Apr 10, 2023

First quarter 2023 earnings released: EPS: JP¥69.96 (vs JP¥78.62 in 1Q 2022)

Full year 2022 earnings: EPS exceeds analyst expectations

SHIFT Inc. to Report Q1, 2023 Results on Jan 12, 2023

Price target increased to JP¥26,933

High number of new directors

Full year 2022 earnings: EPS exceeds analyst expectations

Price target decreased to JP¥24,825

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment improved over the past week

SHIFT Inc. (TSE:3697) agreed to acquire DeMiA Inc.

SHIFT Inc., Annual General Meeting, Nov 25, 2022

SHIFT Inc. to Report Q4, 2022 Results on Oct 14, 2022

High number of new directors

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

SHIFT Inc. to Report Q2, 2022 Results on Apr 07, 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS exceeds analyst expectations

High number of new directors

Full year 2021 earnings released: EPS JP¥163 (vs JP¥104 in FY 2020)

Price target increased to JP¥25,800

Third quarter 2021 earnings released: EPS JP¥46.51 (vs JP¥16.85 in 3Q 2020)

Second quarter 2021 earnings released: EPS JP¥37.87 (vs JP¥23.58 in 2Q 2020)