Hitachi Balance Sheet Health
Financial Health criteria checks 6/6
Hitachi has a total shareholder equity of ¥6,140.5B and total debt of ¥1,615.7B, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are ¥13,404.6B and ¥7,264.0B respectively. Hitachi's EBIT is ¥874.4B making its interest coverage ratio 40.3. It has cash and short-term investments of ¥1,173.7B.
Key information
26.3%
Debt to equity ratio
JP¥1.62t
Debt
| Interest coverage ratio | 40.3x |
| Cash | JP¥1.17t |
| Equity | JP¥6.14t |
| Total liabilities | JP¥7.26t |
| Total assets | JP¥13.40t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HIAA's short term assets (¥6,460.2B) exceed its short term liabilities (¥5,630.4B).
Long Term Liabilities: HIAA's short term assets (¥6,460.2B) exceed its long term liabilities (¥1,633.7B).
Debt to Equity History and Analysis
Debt Level: HIAA's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: HIAA's debt to equity ratio has reduced from 31.2% to 26.3% over the past 5 years.
Debt Coverage: HIAA's debt is well covered by operating cash flow (60.8%).
Interest Coverage: HIAA's interest payments on its debt are well covered by EBIT (40.3x coverage).