SHIFT Balance Sheet Health
Financial Health criteria checks 6/6
SHIFT has a total shareholder equity of ¥32.4B and total debt of ¥13.5B, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are ¥62.2B and ¥29.8B respectively. SHIFT's EBIT is ¥11.2B making its interest coverage ratio -126.9. It has cash and short-term investments of ¥19.4B.
Key information
41.5%
Debt to equity ratio
JP¥13.47b
Debt
| Interest coverage ratio | -126.9x |
| Cash | JP¥19.35b |
| Equity | JP¥32.44b |
| Total liabilities | JP¥29.80b |
| Total assets | JP¥62.24b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3697's short term assets (¥34.7B) exceed its short term liabilities (¥24.0B).
Long Term Liabilities: 3697's short term assets (¥34.7B) exceed its long term liabilities (¥5.8B).
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 75.2% to 41.5% over the past 5 years.
Debt Coverage: 3697's debt is well covered by operating cash flow (60.8%).
Interest Coverage: 3697 earns more interest than it pays, so coverage of interest payments is not a concern.