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 ¥450.0M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are ¥2.7B and ¥885.0M respectively. Techno Alpha's EBIT is ¥165.0M making its interest coverage ratio -165. It has cash and short-term investments of ¥429.0M.
Key information
24.8%
Debt to equity ratio
JP¥450.00m
Debt
| Interest coverage ratio | -165x |
| Cash | JP¥429.00m |
| Equity | JP¥1.81b |
| Total liabilities | JP¥885.00m |
| Total assets | JP¥2.70b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3089's short term assets (¥2.2B) exceed its short term liabilities (¥754.0M).
Long Term Liabilities: 3089's short term assets (¥2.2B) exceed its long term liabilities (¥131.0M).
Debt to Equity History and Analysis
Debt Level: 3089's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: 3089's debt to equity ratio has increased from 10.5% to 24.8% over the past 5 years.
Debt Coverage: 3089's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3089 earns more interest than it pays, so coverage of interest payments is not a concern.