Shibaura MachineLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shibaura MachineLtd has a total shareholder equity of ¥113.9B and total debt of ¥10.6B, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are ¥222.0B and ¥108.1B respectively. Shibaura MachineLtd's EBIT is ¥13.9B making its interest coverage ratio -27. It has cash and short-term investments of ¥57.7B.
Key information
9.3%
Debt to equity ratio
JP¥10.61b
Debt
| Interest coverage ratio | -27x |
| Cash | JP¥57.73b |
| Equity | JP¥113.94b |
| Total liabilities | JP¥108.08b |
| Total assets | JP¥222.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOA's short term assets (¥175.4B) exceed its short term liabilities (¥98.1B).
Long Term Liabilities: TOA's short term assets (¥175.4B) exceed its long term liabilities (¥9.9B).
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 17.3% to 9.3% over the past 5 years.
Debt Coverage: TOA's debt is well covered by operating cash flow (164.6%).
Interest Coverage: TOA earns more interest than it pays, so coverage of interest payments is not a concern.