Shinko Electric Industries Balance Sheet Health
Financial Health criteria checks 6/6
Shinko Electric Industries has a total shareholder equity of ¥273.0B and total debt of ¥30.0B, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are ¥390.9B and ¥117.9B respectively. Shinko Electric Industries's EBIT is ¥26.1B making its interest coverage ratio -49.6. It has cash and short-term investments of ¥66.7B.
Key information
11.0%
Debt to equity ratio
JP¥30.00b
Debt
| Interest coverage ratio | -49.6x |
| Cash | JP¥66.69b |
| Equity | JP¥272.98b |
| Total liabilities | JP¥117.94b |
| Total assets | JP¥390.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKS's short term assets (¥169.6B) exceed its short term liabilities (¥116.3B).
Long Term Liabilities: SKS's short term assets (¥169.6B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: SKS has more cash than its total debt.
Reducing Debt: SKS's debt to equity ratio has reduced from 11% to 11% over the past 5 years.
Debt Coverage: SKS's debt is well covered by operating cash flow (121.2%).
Interest Coverage: SKS earns more interest than it pays, so coverage of interest payments is not a concern.