RENOVA Balance Sheet Health
Financial Health criteria checks 2/6
RENOVA has a total shareholder equity of ¥90.6B and total debt of ¥235.3B, which brings its debt-to-equity ratio to 259.8%. Its total assets and total liabilities are ¥384.6B and ¥294.0B respectively. RENOVA's EBIT is ¥3.1B making its interest coverage ratio 2.1. It has cash and short-term investments of ¥47.6B.
Key information
259.8%
Debt to equity ratio
JP¥235.33b
Debt
Interest coverage ratio | 2.1x |
Cash | JP¥47.62b |
Equity | JP¥90.58b |
Total liabilities | JP¥293.98b |
Total assets | JP¥384.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9519's short term assets (¥66.7B) exceed its short term liabilities (¥40.3B).
Long Term Liabilities: 9519's short term assets (¥66.7B) do not cover its long term liabilities (¥253.7B).
Debt to Equity History and Analysis
Debt Level: 9519's net debt to equity ratio (207.2%) is considered high.
Reducing Debt: 9519's debt to equity ratio has reduced from 475.3% to 259.8% over the past 5 years.
Debt Coverage: 9519's debt is not well covered by operating cash flow (7%).
Interest Coverage: 9519's interest payments on its debt are not well covered by EBIT (2.1x coverage).