Furukawa Battery Balance Sheet Health
Financial Health criteria checks 6/6
Furukawa Battery has a total shareholder equity of ¥37.5B and total debt of ¥9.1B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are ¥67.4B and ¥29.9B respectively. Furukawa Battery's EBIT is ¥4.5B making its interest coverage ratio 117.4. It has cash and short-term investments of ¥10.2B.
Key information
24.3%
Debt to equity ratio
JP¥9.11b
Debt
| Interest coverage ratio | 117.4x |
| Cash | JP¥10.21b |
| Equity | JP¥37.49b |
| Total liabilities | JP¥29.90b |
| Total assets | JP¥67.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FBB's short term assets (¥37.7B) exceed its short term liabilities (¥22.8B).
Long Term Liabilities: FBB's short term assets (¥37.7B) exceed its long term liabilities (¥7.1B).
Debt to Equity History and Analysis
Debt Level: FBB has more cash than its total debt.
Reducing Debt: FBB's debt to equity ratio has reduced from 28.3% to 24.3% over the past 5 years.
Debt Coverage: FBB's debt is well covered by operating cash flow (60.1%).
Interest Coverage: FBB's interest payments on its debt are well covered by EBIT (117.4x coverage).