Virtualex Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Virtualex Holdings has a total shareholder equity of ¥1.7B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are ¥3.6B and ¥1.9B respectively. Virtualex Holdings's EBIT is ¥266.0M making its interest coverage ratio -4.8. It has cash and short-term investments of ¥1.2B.
Key information
63.7%
Debt to equity ratio
JP¥1.05b
Debt
| Interest coverage ratio | -4.8x |
| Cash | JP¥1.22b |
| Equity | JP¥1.65b |
| Total liabilities | JP¥1.93b |
| Total assets | JP¥3.58b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6193's short term assets (¥2.5B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 6193's short term assets (¥2.5B) exceed its long term liabilities (¥499.0M).
Debt to Equity History and Analysis
Debt Level: 6193 has more cash than its total debt.
Reducing Debt: 6193's debt to equity ratio has reduced from 191.1% to 63.7% over the past 5 years.
Debt Coverage: 6193's debt is well covered by operating cash flow (27.5%).
Interest Coverage: 6193 earns more interest than it pays, so coverage of interest payments is not a concern.