Higashi Twenty One Balance Sheet Health
Financial Health criteria checks 5/6
Higashi Twenty One has a total shareholder equity of ¥12.3B and total debt of ¥5.2B, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are ¥25.5B and ¥13.2B respectively. Higashi Twenty One's EBIT is ¥2.2B making its interest coverage ratio -199.1. It has cash and short-term investments of ¥4.1B.
Key information
42.2%
Debt to equity ratio
JP¥5.19b
Debt
Interest coverage ratio | -199.1x |
Cash | JP¥4.06b |
Equity | JP¥12.31b |
Total liabilities | JP¥13.22b |
Total assets | JP¥25.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9029's short term assets (¥11.7B) exceed its short term liabilities (¥8.5B).
Long Term Liabilities: 9029's short term assets (¥11.7B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 9029's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: 9029's debt to equity ratio has increased from 25.8% to 42.2% over the past 5 years.
Debt Coverage: 9029's debt is well covered by operating cash flow (58.3%).
Interest Coverage: 9029 earns more interest than it pays, so coverage of interest payments is not a concern.