FreeBit Balance Sheet Health
Financial Health criteria checks 6/6
FreeBit has a total shareholder equity of ¥14.2B and total debt of ¥11.5B, which brings its debt-to-equity ratio to 81%. Its total assets and total liabilities are ¥35.6B and ¥21.3B respectively. FreeBit's EBIT is ¥5.5B making its interest coverage ratio 55.1. It has cash and short-term investments of ¥16.5B.
Key information
81.0%
Debt to equity ratio
JP¥11.51b
Debt
Interest coverage ratio | 55.1x |
Cash | JP¥16.48b |
Equity | JP¥14.22b |
Total liabilities | JP¥21.35b |
Total assets | JP¥35.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3843's short term assets (¥29.5B) exceed its short term liabilities (¥13.1B).
Long Term Liabilities: 3843's short term assets (¥29.5B) exceed its long term liabilities (¥8.2B).
Debt to Equity History and Analysis
Debt Level: 3843 has more cash than its total debt.
Reducing Debt: 3843's debt to equity ratio has reduced from 118.5% to 81% over the past 5 years.
Debt Coverage: 3843's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 3843's interest payments on its debt are well covered by EBIT (55.1x coverage).