Akebono Brake Industry Balance Sheet Health
Financial Health criteria checks 4/6
Akebono Brake Industry has a total shareholder equity of ¥55.7B and total debt of ¥49.9B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are ¥149.6B and ¥93.9B respectively. Akebono Brake Industry's EBIT is ¥1.2B making its interest coverage ratio 1.9. It has cash and short-term investments of ¥26.2B.
Key information
89.5%
Debt to equity ratio
JP¥49.88b
Debt
| Interest coverage ratio | 1.9x |
| Cash | JP¥26.20b |
| Equity | JP¥55.71b |
| Total liabilities | JP¥93.93b |
| Total assets | JP¥149.63b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7238's short term assets (¥77.3B) do not cover its short term liabilities (¥84.9B).
Long Term Liabilities: 7238's short term assets (¥77.3B) exceed its long term liabilities (¥9.0B).
Debt to Equity History and Analysis
Debt Level: 7238's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: 7238's debt to equity ratio has reduced from 833.2% to 89.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 7238 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 7238 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.7% per year.