GMO internet group Balance Sheet Health
Financial Health criteria checks 3/6
GMO internet group has a total shareholder equity of ¥183.1B and total debt of ¥518.0B, which brings its debt-to-equity ratio to 282.9%. Its total assets and total liabilities are ¥1,937.3B and ¥1,754.2B respectively. GMO internet group's EBIT is ¥45.6B making its interest coverage ratio -119.1. It has cash and short-term investments of ¥402.7B.
Key information
282.9%
Debt to equity ratio
JP¥517.97b
Debt
Interest coverage ratio | -119.1x |
Cash | JP¥402.73b |
Equity | JP¥183.10b |
Total liabilities | JP¥1.75t |
Total assets | JP¥1.94t |
Financial Position Analysis
Short Term Liabilities: 9449's short term assets (¥1,759.9B) exceed its short term liabilities (¥1,437.2B).
Long Term Liabilities: 9449's short term assets (¥1,759.9B) exceed its long term liabilities (¥317.0B).
Debt to Equity History and Analysis
Debt Level: 9449's net debt to equity ratio (62.9%) is considered high.
Reducing Debt: 9449's debt to equity ratio has increased from 131.6% to 282.9% over the past 5 years.
Debt Coverage: 9449's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: 9449 earns more interest than it pays, so coverage of interest payments is not a concern.