FreeBit Balance Sheet Health
Financial Health criteria checks 6/6
FreeBit has a total shareholder equity of ¥15.5B and total debt of ¥11.8B, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are ¥36.3B and ¥20.8B respectively. FreeBit's EBIT is ¥5.7B making its interest coverage ratio 61.8. It has cash and short-term investments of ¥16.8B.
Key information
76.0%
Debt to equity ratio
JP¥11.82b
Debt
| Interest coverage ratio | 61.8x |
| Cash | JP¥16.79b |
| Equity | JP¥15.55b |
| Total liabilities | JP¥20.78b |
| Total assets | JP¥36.32b |
Recent financial health updates
Recent updates
Does FreeBit (TSE:3843) Have A Healthy Balance Sheet?
Oct 31
Benign Growth For FreeBit Co., Ltd. (TSE:3843) Underpins Stock's 27% Plummet
Aug 06FreeBit (TSE:3843) Has Announced That It Will Be Increasing Its Dividend To ¥27.00
Apr 23Investors Aren't Buying FreeBit Co., Ltd.'s (TSE:3843) Earnings
Mar 29FreeBit (TSE:3843) Is Increasing Its Dividend To ¥27.00
Mar 12Financial Position Analysis
Short Term Liabilities: 3843's short term assets (¥30.0B) exceed its short term liabilities (¥13.0B).
Long Term Liabilities: 3843's short term assets (¥30.0B) exceed its long term liabilities (¥7.8B).
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 125.8% to 76% over the past 5 years.
Debt Coverage: 3843's debt is well covered by operating cash flow (35.7%).
Interest Coverage: 3843's interest payments on its debt are well covered by EBIT (61.8x coverage).