Japan Transcity Balance Sheet Health
Financial Health criteria checks 5/6
Japan Transcity has a total shareholder equity of ¥92.4B and total debt of ¥40.6B, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are ¥163.1B and ¥70.7B respectively. Japan Transcity's EBIT is ¥7.1B making its interest coverage ratio -20.8. It has cash and short-term investments of ¥28.1B.
Key information
43.9%
Debt to equity ratio
JP¥40.59b
Debt
| Interest coverage ratio | -20.8x |
| Cash | JP¥28.10b |
| Equity | JP¥92.42b |
| Total liabilities | JP¥70.73b |
| Total assets | JP¥163.15b |
Recent financial health updates
No updates
Recent updates
Japan Transcity (TSE:9310) Will Pay A Larger Dividend Than Last Year At ¥16.50
Sep 20
Japan Transcity's (TSE:9310) Upcoming Dividend Will Be Larger Than Last Year's
Aug 14Japan Transcity (TSE:9310) Is Increasing Its Dividend To ¥16.50
Jul 26Japan Transcity (TSE:9310) Is Increasing Its Dividend To ¥16.50
Jul 11Japan Transcity Corporation's (TSE:9310) 27% Price Boost Is Out Of Tune With Earnings
Jun 27Japan Transcity Corporation's (TSE:9310) Shares Leap 32% Yet They're Still Not Telling The Full Story
May 13Japan Transcity's (TSE:9310) Dividend Will Be ¥6.00
Mar 11Japan Transcity (TSE:9310) Is Due To Pay A Dividend Of ¥6.00
Feb 26Financial Position Analysis
Short Term Liabilities: 9310's short term assets (¥47.7B) exceed its short term liabilities (¥20.3B).
Long Term Liabilities: 9310's short term assets (¥47.7B) do not cover its long term liabilities (¥50.4B).
Debt to Equity History and Analysis
Debt Level: 9310's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: 9310's debt to equity ratio has reduced from 55.6% to 43.9% over the past 5 years.
Debt Coverage: 9310's debt is well covered by operating cash flow (34.3%).
Interest Coverage: 9310 earns more interest than it pays, so coverage of interest payments is not a concern.