Fine Sinter Balance Sheet Health
Financial Health criteria checks 2/6
Fine Sinter has a total shareholder equity of ¥20.4B and total debt of ¥17.4B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are ¥52.1B and ¥31.7B respectively. Fine Sinter's EBIT is ¥294.0M making its interest coverage ratio 1.1. It has cash and short-term investments of ¥4.2B.
Key information
85.4%
Debt to equity ratio
JP¥17.44b
Debt
| Interest coverage ratio | 1.1x |
| Cash | JP¥4.16b |
| Equity | JP¥20.42b |
| Total liabilities | JP¥31.70b |
| Total assets | JP¥52.13b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 5994's short term assets (¥20.3B) do not cover its short term liabilities (¥22.0B).
Long Term Liabilities: 5994's short term assets (¥20.3B) exceed its long term liabilities (¥9.7B).
Debt to Equity History and Analysis
Debt Level: 5994's net debt to equity ratio (65%) is considered high.
Reducing Debt: 5994's debt to equity ratio has increased from 74.5% to 85.4% over the past 5 years.
Debt Coverage: 5994's debt is well covered by operating cash flow (27.3%).
Interest Coverage: 5994's interest payments on its debt are not well covered by EBIT (1.1x coverage).