Food & Life Companies Balance Sheet Health
Financial Health criteria checks 4/6
Food & Life Companies has a total shareholder equity of ¥78.3B and total debt of ¥86.5B, which brings its debt-to-equity ratio to 110.5%. Its total assets and total liabilities are ¥362.2B and ¥283.9B respectively. Food & Life Companies's EBIT is ¥23.0B making its interest coverage ratio 15.5. It has cash and short-term investments of ¥58.1B.
Key information
110.5%
Debt to equity ratio
JP¥86.54b
Debt
Interest coverage ratio | 15.5x |
Cash | JP¥58.10b |
Equity | JP¥78.30b |
Total liabilities | JP¥283.93b |
Total assets | JP¥362.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2G0's short term assets (¥81.0B) exceed its short term liabilities (¥77.1B).
Long Term Liabilities: 2G0's short term assets (¥81.0B) do not cover its long term liabilities (¥206.9B).
Debt to Equity History and Analysis
Debt Level: 2G0's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: 2G0's debt to equity ratio has increased from 100.2% to 110.5% over the past 5 years.
Debt Coverage: 2G0's debt is well covered by operating cash flow (60%).
Interest Coverage: 2G0's interest payments on its debt are well covered by EBIT (15.5x coverage).