INES Balance Sheet Health
Financial Health criteria checks 5/6
INES has a total shareholder equity of ¥37.1B and total debt of ¥5.0B, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are ¥52.8B and ¥15.7B respectively. INES's EBIT is ¥1.9B making its interest coverage ratio -29.6. It has cash and short-term investments of ¥10.4B.
Key information
13.5%
Debt to equity ratio
JP¥5.00b
Debt
Interest coverage ratio | -29.6x |
Cash | JP¥10.38b |
Equity | JP¥37.06b |
Total liabilities | JP¥15.70b |
Total assets | JP¥52.76b |
Financial Position Analysis
Short Term Liabilities: 9742's short term assets (¥18.3B) exceed its short term liabilities (¥7.0B).
Long Term Liabilities: 9742's short term assets (¥18.3B) exceed its long term liabilities (¥8.7B).
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 13.5% over the past 5 years.
Debt Coverage: 9742's debt is well covered by operating cash flow (23.7%).
Interest Coverage: 9742 earns more interest than it pays, so coverage of interest payments is not a concern.