Asti Balance Sheet Health
Financial Health criteria checks 4/6
Asti has a total shareholder equity of ¥24.0B and total debt of ¥14.3B, which brings its debt-to-equity ratio to 59.6%. Its total assets and total liabilities are ¥46.6B and ¥22.5B respectively. Asti's EBIT is ¥1.6B making its interest coverage ratio 76.9. It has cash and short-term investments of ¥3.1B.
Key information
59.6%
Debt to equity ratio
JP¥14.33b
Debt
| Interest coverage ratio | 76.9x |
| Cash | JP¥3.09b |
| Equity | JP¥24.05b |
| Total liabilities | JP¥22.52b |
| Total assets | JP¥46.56b |
Recent financial health updates
No updates
Recent updates
Asti's (TSE:6899) Anemic Earnings Might Be Worse Than You Think
Nov 20
The Market Doesn't Like What It Sees From Asti Corporation's (TSE:6899) Earnings Yet As Shares Tumble 28%
Oct 01Returns On Capital At Asti (TSE:6899) Paint A Concerning Picture
Sep 30Take Care Before Jumping Onto Asti Corporation (TSE:6899) Even Though It's 28% Cheaper
Aug 05Concerns Surrounding Asti's (TSE:6899) Performance
May 22Financial Position Analysis
Short Term Liabilities: 6899's short term assets (¥30.0B) exceed its short term liabilities (¥13.6B).
Long Term Liabilities: 6899's short term assets (¥30.0B) exceed its long term liabilities (¥8.9B).
Debt to Equity History and Analysis
Debt Level: 6899's net debt to equity ratio (46.7%) is considered high.
Reducing Debt: 6899's debt to equity ratio has increased from 53.6% to 59.6% over the past 5 years.
Debt Coverage: 6899's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 6899's interest payments on its debt are well covered by EBIT (76.9x coverage).