gremzInc Balance Sheet Health
Financial Health criteria checks 6/6
gremzInc has a total shareholder equity of ¥10.0B and total debt of ¥3.2B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are ¥17.2B and ¥7.2B respectively. gremzInc's EBIT is ¥3.6B making its interest coverage ratio -81.8. It has cash and short-term investments of ¥8.2B.
Key information
31.5%
Debt to equity ratio
JP¥3.16b
Debt
| Interest coverage ratio | -81.8x |
| Cash | JP¥8.22b |
| Equity | JP¥10.01b |
| Total liabilities | JP¥7.21b |
| Total assets | JP¥17.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRMZ.F's short term assets (¥14.2B) exceed its short term liabilities (¥4.7B).
Long Term Liabilities: GRMZ.F's short term assets (¥14.2B) exceed its long term liabilities (¥2.5B).
Debt to Equity History and Analysis
Debt Level: GRMZ.F has more cash than its total debt.
Reducing Debt: GRMZ.F's debt to equity ratio has reduced from 39% to 31.5% over the past 5 years.
Debt Coverage: GRMZ.F's debt is well covered by operating cash flow (46.4%).
Interest Coverage: GRMZ.F earns more interest than it pays, so coverage of interest payments is not a concern.