Asti Balance Sheet Health
Financial Health criteria checks 4/6
Asti has a total shareholder equity of ¥24.3B and total debt of ¥15.7B, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are ¥48.0B and ¥23.7B respectively. Asti's EBIT is ¥2.2B making its interest coverage ratio 47.5. It has cash and short-term investments of ¥3.2B.
Key information
64.4%
Debt to equity ratio
JP¥15.65b
Debt
Interest coverage ratio | 47.5x |
Cash | JP¥3.19b |
Equity | JP¥24.32b |
Total liabilities | JP¥23.69b |
Total assets | JP¥48.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6899's short term assets (¥30.9B) exceed its short term liabilities (¥14.1B).
Long Term Liabilities: 6899's short term assets (¥30.9B) exceed its long term liabilities (¥9.6B).
Debt to Equity History and Analysis
Debt Level: 6899's net debt to equity ratio (51.2%) is considered high.
Reducing Debt: 6899's debt to equity ratio has increased from 53% to 64.4% over the past 5 years.
Debt Coverage: 6899's debt is well covered by operating cash flow (20.6%).
Interest Coverage: 6899's interest payments on its debt are well covered by EBIT (47.5x coverage).