SHIFT Inc.

TSE:3697 Stock Report

Market Cap: JP¥372.1b

SHIFT Balance Sheet Health

Financial Health criteria checks 5/6

SHIFT has a total shareholder equity of ¥35.6B and total debt of ¥12.8B, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are ¥66.2B and ¥30.6B respectively. SHIFT's EBIT is ¥12.2B making its interest coverage ratio 306. It has cash and short-term investments of ¥24.4B.

Key information

36.0%

Debt to equity ratio

JP¥12.83b

Debt

Interest coverage ratio306x
CashJP¥24.40b
EquityJP¥35.61b
Total liabilitiesJP¥30.61b
Total assetsJP¥66.21b

Recent financial health updates

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

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

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

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

Recent updates

SHIFT Inc. (TSE:3697) Not Lagging Market On Growth Or Pricing

Jan 31
SHIFT Inc. (TSE:3697) Not Lagging Market On Growth Or Pricing

Under The Bonnet, SHIFT's (TSE:3697) Returns Look Impressive

Jan 08
Under The Bonnet, SHIFT's (TSE:3697) Returns Look Impressive

A Look At The Intrinsic Value Of SHIFT Inc. (TSE:3697)

Dec 25
A Look At The Intrinsic Value Of SHIFT Inc. (TSE:3697)

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 (¥40.9B) exceed its short term liabilities (¥22.8B).

Long Term Liabilities: 3697's short term assets (¥40.9B) exceed its long term liabilities (¥7.9B).

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 increased from 27.9% to 36% over the past 5 years.

Debt Coverage: 3697's debt is well covered by operating cash flow (70.9%).

Interest Coverage: 3697's interest payments on its debt are well covered by EBIT (306x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 22:43
End of Day Share Price 2025/02/07 00:00
Earnings2024/11/30
Annual Earnings2024/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SHIFT Inc. is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuki KanekoBofA Global Research
Jun KatoCLSA
Takeshi SaitoCredit Suisse