Future Innovation Group Balance Sheet Health
Financial Health criteria checks 3/6
Future Innovation Group has a total shareholder equity of ¥9.6B and total debt of ¥10.3B, which brings its debt-to-equity ratio to 107.2%. Its total assets and total liabilities are ¥22.8B and ¥13.2B respectively. Future Innovation Group's EBIT is ¥724.0M making its interest coverage ratio 25. It has cash and short-term investments of ¥2.2B.
Key information
107.2%
Debt to equity ratio
JP¥10.29b
Debt
Interest coverage ratio | 25x |
Cash | JP¥2.20b |
Equity | JP¥9.59b |
Total liabilities | JP¥13.24b |
Total assets | JP¥22.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4392's short term assets (¥15.2B) exceed its short term liabilities (¥6.6B).
Long Term Liabilities: 4392's short term assets (¥15.2B) exceed its long term liabilities (¥6.6B).
Debt to Equity History and Analysis
Debt Level: 4392's net debt to equity ratio (84.3%) is considered high.
Reducing Debt: 4392's debt to equity ratio has increased from 27.1% to 107.2% over the past 5 years.
Debt Coverage: 4392's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4392's interest payments on its debt are well covered by EBIT (25x coverage).