NewtechLtd Balance Sheet Health
Financial Health criteria checks 5/6
NewtechLtd has a total shareholder equity of ¥2.5B and total debt of ¥176.0M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are ¥4.4B and ¥1.9B respectively. NewtechLtd's EBIT is ¥298.0M making its interest coverage ratio -74.5. It has cash and short-term investments of ¥2.7B.
Key information
6.9%
Debt to equity ratio
JP¥176.00m
Debt
| Interest coverage ratio | -74.5x |
| Cash | JP¥2.69b |
| Equity | JP¥2.54b |
| Total liabilities | JP¥1.89b |
| Total assets | JP¥4.43b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At NewtechLtd (TSE:6734) Have Hit The Brakes
May 23
Newtech Co.,Ltd.'s (TSE:6734) 28% Price Boost Is Out Of Tune With Earnings
Mar 06Here's Why I Think NewtechLtd (TYO:6734) Is An Interesting Stock
Apr 28Returns on Capital Paint A Bright Future For NewtechLtd (TYO:6734)
Apr 05Newtech Co.,Ltd.'s (TYO:6734) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Mar 15NewtechLtd (TYO:6734) Could Be A Buy For Its Upcoming Dividend
Feb 20Why Newtech Co.,Ltd. (TYO:6734) Looks Like A Quality Company
Feb 02Is Now The Time To Put NewtechLtd (TYO:6734) On Your Watchlist?
Jan 12
Should You Invest In NewtechLtd (TYO:6734)?
Dec 25A Look At The Fair Value Of Newtech Co.,Ltd. (TYO:6734)
Dec 03Financial Position Analysis
Short Term Liabilities: 6734's short term assets (¥4.2B) exceed its short term liabilities (¥1.8B).
Long Term Liabilities: 6734's short term assets (¥4.2B) exceed its long term liabilities (¥139.0M).
Debt to Equity History and Analysis
Debt Level: 6734 has more cash than its total debt.
Reducing Debt: 6734's debt to equity ratio has reduced from 20.4% to 6.9% over the past 5 years.
Debt Coverage: 6734's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: 6734 earns more interest than it pays, so coverage of interest payments is not a concern.