Japan Transcity Balance Sheet Health
Financial Health criteria checks 5/6
Japan Transcity has a total shareholder equity of ¥85.8B and total debt of ¥42.5B, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are ¥155.8B and ¥69.9B respectively. Japan Transcity's EBIT is ¥5.8B making its interest coverage ratio -19.1. It has cash and short-term investments of ¥21.7B.
Key information
49.5%
Debt to equity ratio
JP¥42.47b
Debt
| Interest coverage ratio | -19.1x |
| Cash | JP¥21.67b |
| Equity | JP¥85.82b |
| Total liabilities | JP¥69.93b |
| Total assets | JP¥155.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9310's short term assets (¥44.2B) exceed its short term liabilities (¥22.4B).
Long Term Liabilities: 9310's short term assets (¥44.2B) do not cover its long term liabilities (¥47.5B).
Debt to Equity History and Analysis
Debt Level: 9310's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 9310's debt to equity ratio has reduced from 57.5% to 49.5% over the past 5 years.
Debt Coverage: 9310's debt is well covered by operating cash flow (24.3%).
Interest Coverage: 9310 earns more interest than it pays, so coverage of interest payments is not a concern.