SHIFT Balance Sheet Health
Financial Health criteria checks 6/6
SHIFT has a total shareholder equity of ¥32.8B and total debt of ¥14.9B, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are ¥61.1B and ¥28.2B respectively. SHIFT's EBIT is ¥10.4B making its interest coverage ratio -253.6. It has cash and short-term investments of ¥21.2B.
Key information
45.3%
Debt to equity ratio
JP¥14.87b
Debt
Interest coverage ratio | -253.6x |
Cash | JP¥21.17b |
Equity | JP¥32.82b |
Total liabilities | JP¥28.23b |
Total assets | JP¥61.05b |
Recent financial health updates
Recent updates
SHIFT 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 (¥35.6B) exceed its short term liabilities (¥20.5B).
Long Term Liabilities: 3697's short term assets (¥35.6B) exceed its long term liabilities (¥7.7B).
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 49.7% to 45.3% over the past 5 years.
Debt Coverage: 3697's debt is well covered by operating cash flow (55.1%).
Interest Coverage: 3697 earns more interest than it pays, so coverage of interest payments is not a concern.