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
CashJP¥20.87b
EquityJP¥34.52b
Total liabilitiesJP¥28.20b
Total assetsJP¥62.72b

Recent financial health updates

Recent updates

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

Oct 18
SHIFT's (TSE:3697) Conservative Accounting Might Explain Soft Earnings

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

Oct 16
Earnings Tell The Story For SHIFT Inc. (TSE:3697) As Its Stock Soars 27%

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

Sep 17
SHIFT (TSE:3697) Seems To Use Debt Rather Sparingly

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

Sep 01
SHIFT Inc.'s (TSE:3697) 40% Jump Shows Its Popularity With Investors

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

Jul 11
SHIFT Inc.'s (TSE:3697) 26% Cheaper Price Remains In Tune With Earnings

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

Jun 10
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)?

May 25
Is Now The Time To Look At Buying SHIFT Inc. (TSE:3697)?

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

Apr 14
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

Apr 13
SHIFT Inc.'s (TSE:3697) Share Price Is Still Matching Investor Opinion Despite 28% Slump

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

Mar 11
SHIFT (TSE:3697) Could Easily Take On More Debt

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

Feb 29
SHIFT (TSE:3697) Looks To Prolong Its Impressive Returns

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.


Balance Sheet


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