Shibaura MachineLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shibaura MachineLtd has a total shareholder equity of ¥103.9B and total debt of ¥11.1B, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are ¥248.3B and ¥144.4B respectively. Shibaura MachineLtd's EBIT is ¥12.1B making its interest coverage ratio -23.9. It has cash and short-term investments of ¥47.9B.
Key information
10.7%
Debt to equity ratio
JP¥11.13b
Debt
Interest coverage ratio | -23.9x |
Cash | JP¥47.87b |
Equity | JP¥103.95b |
Total liabilities | JP¥144.40b |
Total assets | JP¥248.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOA's short term assets (¥202.9B) exceed its short term liabilities (¥132.0B).
Long Term Liabilities: TOA's short term assets (¥202.9B) exceed its long term liabilities (¥12.4B).
Debt to Equity History and Analysis
Debt Level: TOA has more cash than its total debt.
Reducing Debt: TOA's debt to equity ratio has reduced from 17.6% to 10.7% over the past 5 years.
Debt Coverage: TOA's debt is well covered by operating cash flow (26.8%).
Interest Coverage: TOA earns more interest than it pays, so coverage of interest payments is not a concern.