Advantest Balance Sheet Health
Financial Health criteria checks 5/6
Advantest has a total shareholder equity of ¥475.8B and total debt of ¥74.3B, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are ¥762.1B and ¥286.3B respectively. Advantest's EBIT is ¥144.4B making its interest coverage ratio 38.8. It has cash and short-term investments of ¥167.2B.
Key information
15.6%
Debt to equity ratio
JP¥74.28b
Debt
| Interest coverage ratio | 38.8x |
| Cash | JP¥167.16b |
| Equity | JP¥475.81b |
| Total liabilities | JP¥286.30b |
| Total assets | JP¥762.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VANA's short term assets (¥519.6B) exceed its short term liabilities (¥174.3B).
Long Term Liabilities: VANA's short term assets (¥519.6B) exceed its long term liabilities (¥112.0B).
Debt to Equity History and Analysis
Debt Level: VANA has more cash than its total debt.
Reducing Debt: VANA's debt to equity ratio has increased from 0% to 15.6% over the past 5 years.
Debt Coverage: VANA's debt is well covered by operating cash flow (168.9%).
Interest Coverage: VANA's interest payments on its debt are well covered by EBIT (38.8x coverage).