I-Net Balance Sheet Health
Financial Health criteria checks 6/6
I-Net has a total shareholder equity of ¥20.1B and total debt of ¥7.3B, which brings its debt-to-equity ratio to 36.3%. Its total assets and total liabilities are ¥37.6B and ¥17.5B respectively. I-Net's EBIT is ¥2.9B making its interest coverage ratio -87.5. It has cash and short-term investments of ¥5.3B.
Key information
36.3%
Debt to equity ratio
JP¥7.30b
Debt
Interest coverage ratio | -87.5x |
Cash | JP¥5.28b |
Equity | JP¥20.10b |
Total liabilities | JP¥17.51b |
Total assets | JP¥37.61b |
Financial Position Analysis
Short Term Liabilities: 9600's short term assets (¥12.8B) exceed its short term liabilities (¥12.0B).
Long Term Liabilities: 9600's short term assets (¥12.8B) exceed its long term liabilities (¥5.5B).
Debt to Equity History and Analysis
Debt Level: 9600's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 9600's debt to equity ratio has reduced from 54.3% to 36.3% over the past 5 years.
Debt Coverage: 9600's debt is well covered by operating cash flow (91.3%).
Interest Coverage: 9600 earns more interest than it pays, so coverage of interest payments is not a concern.