Elecom Balance Sheet Health
Financial Health criteria checks 6/6
Elecom has a total shareholder equity of ¥76.8B and total debt of ¥500.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are ¥103.3B and ¥26.5B respectively. Elecom's EBIT is ¥11.7B making its interest coverage ratio -13.3. It has cash and short-term investments of ¥45.6B.
Key information
0.7%
Debt to equity ratio
JP¥500.00m
Debt
| Interest coverage ratio | -13.3x |
| Cash | JP¥45.61b |
| Equity | JP¥76.84b |
| Total liabilities | JP¥26.50b |
| Total assets | JP¥103.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9EL's short term assets (¥81.9B) exceed its short term liabilities (¥23.6B).
Long Term Liabilities: 9EL's short term assets (¥81.9B) exceed its long term liabilities (¥2.9B).
Debt to Equity History and Analysis
Debt Level: 9EL has more cash than its total debt.
Reducing Debt: 9EL's debt to equity ratio has reduced from 1% to 0.7% over the past 5 years.
Debt Coverage: 9EL's debt is well covered by operating cash flow (2370.2%).
Interest Coverage: 9EL earns more interest than it pays, so coverage of interest payments is not a concern.