HORIBA Balance Sheet Health
Financial Health criteria checks 6/6
HORIBA has a total shareholder equity of ¥283.7B and total debt of ¥60.4B, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are ¥449.0B and ¥165.3B respectively. HORIBA's EBIT is ¥47.3B making its interest coverage ratio -32. It has cash and short-term investments of ¥134.8B.
Key information
21.3%
Debt to equity ratio
JP¥60.39b
Debt
Interest coverage ratio | -32x |
Cash | JP¥134.78b |
Equity | JP¥283.73b |
Total liabilities | JP¥165.30b |
Total assets | JP¥449.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 01H's short term assets (¥318.6B) exceed its short term liabilities (¥101.1B).
Long Term Liabilities: 01H's short term assets (¥318.6B) exceed its long term liabilities (¥64.2B).
Debt to Equity History and Analysis
Debt Level: 01H has more cash than its total debt.
Reducing Debt: 01H's debt to equity ratio has reduced from 27.2% to 21.3% over the past 5 years.
Debt Coverage: 01H's debt is well covered by operating cash flow (27.6%).
Interest Coverage: 01H earns more interest than it pays, so coverage of interest payments is not a concern.