INES Balance Sheet Health
Financial Health criteria checks 5/6
INES has a total shareholder equity of ¥37.8B and total debt of ¥5.0B, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are ¥52.4B and ¥14.5B respectively. INES's EBIT is ¥2.9B making its interest coverage ratio -53.7. It has cash and short-term investments of ¥7.9B.
Key information
13.2%
Debt to equity ratio
JP¥5.00b
Debt
| Interest coverage ratio | -53.7x |
| Cash | JP¥7.89b |
| Equity | JP¥37.85b |
| Total liabilities | JP¥14.52b |
| Total assets | JP¥52.37b |
Financial Position Analysis
Short Term Liabilities: 9742's short term assets (¥18.1B) exceed its short term liabilities (¥6.3B).
Long Term Liabilities: 9742's short term assets (¥18.1B) exceed its long term liabilities (¥8.3B).
Debt to Equity History and Analysis
Debt Level: 9742 has more cash than its total debt.
Reducing Debt: 9742's debt to equity ratio has increased from 0% to 13.2% over the past 5 years.
Debt Coverage: 9742's debt is well covered by operating cash flow (49.3%).
Interest Coverage: 9742 earns more interest than it pays, so coverage of interest payments is not a concern.