Techno Alpha Balance Sheet Health
Financial Health criteria checks 4/6
Techno Alpha has a total shareholder equity of ¥1.8B and total debt of ¥600.0M, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are ¥2.9B and ¥1.1B respectively. Techno Alpha's EBIT is ¥192.0M making its interest coverage ratio -96. It has cash and short-term investments of ¥591.0M.
Key information
33.2%
Debt to equity ratio
JP¥600.00m
Debt
Interest coverage ratio | -96x |
Cash | JP¥591.00m |
Equity | JP¥1.81b |
Total liabilities | JP¥1.07b |
Total assets | JP¥2.88b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3089's short term assets (¥2.4B) exceed its short term liabilities (¥947.0M).
Long Term Liabilities: 3089's short term assets (¥2.4B) exceed its long term liabilities (¥124.0M).
Debt to Equity History and Analysis
Debt Level: 3089's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: 3089's debt to equity ratio has increased from 18.6% to 33.2% over the past 5 years.
Debt Coverage: 3089's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 3089 earns more interest than it pays, so coverage of interest payments is not a concern.