I-Net Balance Sheet Health
Financial Health criteria checks 5/6
I-Net has a total shareholder equity of ¥18.7B and total debt of ¥8.3B, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are ¥35.0B and ¥16.3B respectively. I-Net's EBIT is ¥3.0B making its interest coverage ratio -86. It has cash and short-term investments of ¥4.1B.
Key information
44.3%
Debt to equity ratio
JP¥8.27b
Debt
Interest coverage ratio | -86x |
Cash | JP¥4.12b |
Equity | JP¥18.69b |
Total liabilities | JP¥16.33b |
Total assets | JP¥35.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9600's short term assets (¥11.7B) do not cover its short term liabilities (¥12.2B).
Long Term Liabilities: 9600's short term assets (¥11.7B) exceed its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 9600's net debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: 9600's debt to equity ratio has reduced from 61% to 44.3% over the past 5 years.
Debt Coverage: 9600's debt is well covered by operating cash flow (58%).
Interest Coverage: 9600 earns more interest than it pays, so coverage of interest payments is not a concern.