GRID Balance Sheet Health
Financial Health criteria checks 5/6
GRID has a total shareholder equity of ¥3.6B and total debt of ¥70.0M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are ¥4.1B and ¥464.0M respectively. GRID's EBIT is ¥366.0M making its interest coverage ratio 366. It has cash and short-term investments of ¥2.9B.
Key information
1.9%
Debt to equity ratio
JP¥70.00m
Debt
| Interest coverage ratio | 366x |
| Cash | JP¥2.90b |
| Equity | JP¥3.64b |
| Total liabilities | JP¥464.00m |
| Total assets | JP¥4.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5582's short term assets (¥3.7B) exceed its short term liabilities (¥457.0M).
Long Term Liabilities: 5582's short term assets (¥3.7B) exceed its long term liabilities (¥7.0M).
Debt to Equity History and Analysis
Debt Level: 5582 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 5582's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 5582's debt is well covered by operating cash flow (407.1%).
Interest Coverage: 5582's interest payments on its debt are well covered by EBIT (366x coverage).