NextgenInc Balance Sheet Health
Financial Health criteria checks 6/6
NextgenInc has a total shareholder equity of ¥1.8B and total debt of ¥541.0M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are ¥3.1B and ¥1.3B respectively. NextgenInc's EBIT is ¥281.0M making its interest coverage ratio 93.7. It has cash and short-term investments of ¥1.4B.
Key information
29.3%
Debt to equity ratio
JP¥541.00m
Debt
Interest coverage ratio | 93.7x |
Cash | JP¥1.41b |
Equity | JP¥1.85b |
Total liabilities | JP¥1.27b |
Total assets | JP¥3.12b |
Financial Position Analysis
Short Term Liabilities: 3842's short term assets (¥2.3B) exceed its short term liabilities (¥930.0M).
Long Term Liabilities: 3842's short term assets (¥2.3B) exceed its long term liabilities (¥344.0M).
Debt to Equity History and Analysis
Debt Level: 3842 has more cash than its total debt.
Reducing Debt: 3842's debt to equity ratio has reduced from 74.3% to 29.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 3842 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 3842 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26% per year.