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 11Recent updates
A Look At The Intrinsic Value Of SHIFT Inc. (TSE:3697)
Dec 25SHIFT'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.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:27 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/08/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
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 .
Analyst Sources
SHIFT Inc. is covered by 16 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.
| Analyst | Institution |
|---|---|
| Yuki Kaneko | BofA Global Research |
| Jun Kato | CLSA |
| Takeshi Saito | Credit Suisse |