Furukawa Battery Balance Sheet Health
Financial Health criteria checks 5/6
Furukawa Battery has a total shareholder equity of ¥36.5B and total debt of ¥9.4B, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are ¥66.0B and ¥29.5B respectively. Furukawa Battery's EBIT is ¥2.8B making its interest coverage ratio 28.5. It has cash and short-term investments of ¥8.3B.
Key information
25.9%
Debt to equity ratio
JP¥9.43b
Debt
Interest coverage ratio | 28.5x |
Cash | JP¥8.26b |
Equity | JP¥36.46b |
Total liabilities | JP¥29.50b |
Total assets | JP¥65.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FBB's short term assets (¥36.9B) exceed its short term liabilities (¥21.7B).
Long Term Liabilities: FBB's short term assets (¥36.9B) exceed its long term liabilities (¥7.8B).
Debt to Equity History and Analysis
Debt Level: FBB's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: FBB's debt to equity ratio has reduced from 42.6% to 25.9% over the past 5 years.
Debt Coverage: FBB's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: FBB's interest payments on its debt are well covered by EBIT (28.5x coverage).