ASICS Balance Sheet Health
Financial Health criteria checks 5/6
ASICS has a total shareholder equity of ¥224.6B and total debt of ¥85.6B, which brings its debt-to-equity ratio to 38.1%. Its total assets and total liabilities are ¥486.5B and ¥261.9B respectively. ASICS's EBIT is ¥65.9B making its interest coverage ratio 53.8. It has cash and short-term investments of ¥87.2B.
Key information
38.1%
Debt to equity ratio
JP¥85.59b
Debt
Interest coverage ratio | 53.8x |
Cash | JP¥87.17b |
Equity | JP¥224.59b |
Total liabilities | JP¥261.86b |
Total assets | JP¥486.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASI's short term assets (¥338.9B) exceed its short term liabilities (¥150.9B).
Long Term Liabilities: ASI's short term assets (¥338.9B) exceed its long term liabilities (¥111.0B).
Debt to Equity History and Analysis
Debt Level: ASI has more cash than its total debt.
Reducing Debt: ASI's debt to equity ratio has increased from 24.9% to 38.1% over the past 5 years.
Debt Coverage: ASI's debt is well covered by operating cash flow (105.3%).
Interest Coverage: ASI's interest payments on its debt are well covered by EBIT (53.8x coverage).