Harmonic Drive Systems Balance Sheet Health
Financial Health criteria checks 5/6
Harmonic Drive Systems has a total shareholder equity of ¥105.9B and total debt of ¥19.1B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are ¥150.7B and ¥44.9B respectively. Harmonic Drive Systems's EBIT is ¥2.8B making its interest coverage ratio -17.1. It has cash and short-term investments of ¥19.0B.
Key information
18.0%
Debt to equity ratio
JP¥19.06b
Debt
Interest coverage ratio | -17.1x |
Cash | JP¥18.99b |
Equity | JP¥105.85b |
Total liabilities | JP¥44.89b |
Total assets | JP¥150.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K3R's short term assets (¥48.9B) exceed its short term liabilities (¥11.6B).
Long Term Liabilities: K3R's short term assets (¥48.9B) exceed its long term liabilities (¥33.3B).
Debt to Equity History and Analysis
Debt Level: K3R's net debt to equity ratio (0.07%) is considered satisfactory.
Reducing Debt: K3R's debt to equity ratio has increased from 2% to 18% over the past 5 years.
Debt Coverage: K3R's debt is well covered by operating cash flow (88.1%).
Interest Coverage: K3R earns more interest than it pays, so coverage of interest payments is not a concern.