Harada Industry Balance Sheet Health
Financial Health criteria checks 3/6
Harada Industry has a total shareholder equity of ¥14.5B and total debt of ¥15.5B, which brings its debt-to-equity ratio to 107.3%. Its total assets and total liabilities are ¥39.0B and ¥24.6B respectively. Harada Industry's EBIT is ¥1.9B making its interest coverage ratio 4.2. It has cash and short-term investments of ¥5.4B.
Key information
107.3%
Debt to equity ratio
JP¥15.52b
Debt
| Interest coverage ratio | 4.2x |
| Cash | JP¥5.38b |
| Equity | JP¥14.46b |
| Total liabilities | JP¥24.57b |
| Total assets | JP¥39.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6904's short term assets (¥28.3B) exceed its short term liabilities (¥22.6B).
Long Term Liabilities: 6904's short term assets (¥28.3B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 6904's net debt to equity ratio (70.1%) is considered high.
Reducing Debt: 6904's debt to equity ratio has increased from 92% to 107.3% over the past 5 years.
Debt Coverage: 6904's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 6904's interest payments on its debt are well covered by EBIT (4.2x coverage).