IPS Balance Sheet Health
Financial Health criteria checks 4/6
IPS has a total shareholder equity of ¥13.9B and total debt of ¥9.5B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are ¥28.8B and ¥14.9B respectively. IPS's EBIT is ¥2.4B making its interest coverage ratio 8.7. It has cash and short-term investments of ¥4.6B.
Key information
68.1%
Debt to equity ratio
JP¥9.48b
Debt
Interest coverage ratio | 8.7x |
Cash | JP¥4.62b |
Equity | JP¥13.92b |
Total liabilities | JP¥14.86b |
Total assets | JP¥28.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4390's short term assets (¥14.0B) exceed its short term liabilities (¥11.5B).
Long Term Liabilities: 4390's short term assets (¥14.0B) exceed its long term liabilities (¥3.3B).
Debt to Equity History and Analysis
Debt Level: 4390's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: 4390's debt to equity ratio has increased from 27.9% to 68.1% over the past 5 years.
Debt Coverage: 4390's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4390's interest payments on its debt are well covered by EBIT (8.7x coverage).