Honda Motor Balance Sheet Health
Financial Health criteria checks 5/6
Honda Motor has a total shareholder equity of ¥13,005.9B and total debt of ¥10,163.6B, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are ¥29,774.2B and ¥16,768.3B respectively. Honda Motor's EBIT is ¥1,382.0B making its interest coverage ratio -12.1. It has cash and short-term investments of ¥5,184.1B.
Key information
78.1%
Debt to equity ratio
JP¥10.16t
Debt
Interest coverage ratio | -12.1x |
Cash | JP¥5.18t |
Equity | JP¥13.01t |
Total liabilities | JP¥16.77t |
Total assets | JP¥29.77t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HD1's short term assets (¥11,872.6B) exceed its short term liabilities (¥8,323.5B).
Long Term Liabilities: HD1's short term assets (¥11,872.6B) exceed its long term liabilities (¥8,444.8B).
Debt to Equity History and Analysis
Debt Level: HD1's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: HD1's debt to equity ratio has reduced from 85.6% to 78.1% over the past 5 years.
Debt Coverage: HD1's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: HD1 earns more interest than it pays, so coverage of interest payments is not a concern.