Higashi Twenty One Balance Sheet Health
Financial Health criteria checks 5/6
Higashi Twenty One has a total shareholder equity of ¥12.6B and total debt of ¥7.1B, which brings its debt-to-equity ratio to 56.6%. Its total assets and total liabilities are ¥26.9B and ¥14.3B respectively. Higashi Twenty One's EBIT is ¥2.2B making its interest coverage ratio -432.8. It has cash and short-term investments of ¥3.2B.
Key information
56.6%
Debt to equity ratio
JP¥7.11b
Debt
| Interest coverage ratio | -432.8x |
| Cash | JP¥3.22b |
| Equity | JP¥12.56b |
| Total liabilities | JP¥14.32b |
| Total assets | JP¥26.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9029's short term assets (¥10.2B) exceed its short term liabilities (¥8.3B).
Long Term Liabilities: 9029's short term assets (¥10.2B) exceed its long term liabilities (¥6.0B).
Debt to Equity History and Analysis
Debt Level: 9029's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: 9029's debt to equity ratio has increased from 24.6% to 56.6% over the past 5 years.
Debt Coverage: 9029's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 9029 earns more interest than it pays, so coverage of interest payments is not a concern.