Asahi Kasei Balance Sheet Health
Financial Health criteria checks 5/6
Asahi Kasei has a total shareholder equity of ¥1,781.6B and total debt of ¥1,041.7B, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are ¥3,650.7B and ¥1,869.0B respectively. Asahi Kasei's EBIT is ¥110.5B making its interest coverage ratio -34.9. It has cash and short-term investments of ¥358.1B.
Key information
58.5%
Debt to equity ratio
JP¥1.04t
Debt
Interest coverage ratio | -34.9x |
Cash | JP¥358.14b |
Equity | JP¥1.78t |
Total liabilities | JP¥1.87t |
Total assets | JP¥3.65t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASAA's short term assets (¥1,616.4B) exceed its short term liabilities (¥949.5B).
Long Term Liabilities: ASAA's short term assets (¥1,616.4B) exceed its long term liabilities (¥919.5B).
Debt to Equity History and Analysis
Debt Level: ASAA's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: ASAA's debt to equity ratio has increased from 37.5% to 58.5% over the past 5 years.
Debt Coverage: ASAA's debt is well covered by operating cash flow (25%).
Interest Coverage: ASAA earns more interest than it pays, so coverage of interest payments is not a concern.