Harada Industry Balance Sheet Health
Financial Health criteria checks 2/6
Harada Industry has a total shareholder equity of ¥15.5B and total debt of ¥14.3B, which brings its debt-to-equity ratio to 92.4%. Its total assets and total liabilities are ¥39.9B and ¥24.4B respectively. Harada Industry's EBIT is ¥1.3B making its interest coverage ratio 2.2. It has cash and short-term investments of ¥5.2B.
Key information
92.4%
Debt to equity ratio
JP¥14.30b
Debt
Interest coverage ratio | 2.2x |
Cash | JP¥5.23b |
Equity | JP¥15.48b |
Total liabilities | JP¥24.42b |
Total assets | JP¥39.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6904's short term assets (¥29.2B) exceed its short term liabilities (¥22.5B).
Long Term Liabilities: 6904's short term assets (¥29.2B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 6904's net debt to equity ratio (58.6%) is considered high.
Reducing Debt: 6904's debt to equity ratio has increased from 87.8% to 92.4% over the past 5 years.
Debt Coverage: 6904's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 6904's interest payments on its debt are not well covered by EBIT (2.2x coverage).