WingArc1st Balance Sheet Health
Financial Health criteria checks 6/6
WingArc1st has a total shareholder equity of ¥41.3B and total debt of ¥9.3B, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are ¥69.0B and ¥27.7B respectively. WingArc1st's EBIT is ¥7.6B making its interest coverage ratio -155. It has cash and short-term investments of ¥13.6B.
Key information
22.5%
Debt to equity ratio
JP¥9.30b
Debt
| Interest coverage ratio | -155x |
| Cash | JP¥13.58b |
| Equity | JP¥41.28b |
| Total liabilities | JP¥27.73b |
| Total assets | JP¥69.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4432's short term assets (¥18.0B) exceed its short term liabilities (¥14.9B).
Long Term Liabilities: 4432's short term assets (¥18.0B) exceed its long term liabilities (¥12.8B).
Debt to Equity History and Analysis
Debt Level: 4432 has more cash than its total debt.
Reducing Debt: 4432's debt to equity ratio has reduced from 92.8% to 22.5% over the past 5 years.
Debt Coverage: 4432's debt is well covered by operating cash flow (75%).
Interest Coverage: 4432 earns more interest than it pays, so coverage of interest payments is not a concern.