Shin-Etsu Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Shin-Etsu Chemical has a total shareholder equity of ¥4,886.2B and total debt of ¥19.8B, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ¥5,636.0B and ¥749.8B respectively. Shin-Etsu Chemical's EBIT is ¥724.8B making its interest coverage ratio -8.8. It has cash and short-term investments of ¥1,821.1B.
Key information
0.4%
Debt to equity ratio
JP¥19.85b
Debt
| Interest coverage ratio | -8.8x |
| Cash | JP¥1.82t |
| Equity | JP¥4.89t |
| Total liabilities | JP¥749.84b |
| Total assets | JP¥5.64t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEH's short term assets (¥3,214.2B) exceed its short term liabilities (¥516.4B).
Long Term Liabilities: SEH's short term assets (¥3,214.2B) exceed its long term liabilities (¥233.5B).
Debt to Equity History and Analysis
Debt Level: SEH has more cash than its total debt.
Reducing Debt: SEH's debt to equity ratio has reduced from 0.8% to 0.4% over the past 5 years.
Debt Coverage: SEH's debt is well covered by operating cash flow (4164.9%).
Interest Coverage: SEH earns more interest than it pays, so coverage of interest payments is not a concern.