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 17SHIFT (TSE:3697) Could Easily Take On More Debt
Mar 11Recent updates
SHIFT's (TSE:3697) Conservative Accounting Might Explain Soft Earnings
Oct 18Earnings Tell The Story For SHIFT Inc. (TSE:3697) As Its Stock Soars 27%
Oct 16SHIFT (TSE:3697) Seems To Use Debt Rather Sparingly
Sep 17SHIFT Inc.'s (TSE:3697) 40% Jump Shows Its Popularity With Investors
Sep 01SHIFT Inc.'s (TSE:3697) 26% Cheaper Price Remains In Tune With Earnings
Jul 11We Like SHIFT's (TSE:3697) Returns And Here's How They're Trending
Jun 10Is Now The Time To Look At Buying SHIFT Inc. (TSE:3697)?
May 25SHIFT Inc. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next
Apr 14SHIFT Inc.'s (TSE:3697) Share Price Is Still Matching Investor Opinion Despite 28% Slump
Apr 13SHIFT (TSE:3697) Could Easily Take On More Debt
Mar 11SHIFT (TSE:3697) Looks To Prolong Its Impressive Returns
Feb 29Financial 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.