Ichikoh Industries Balance Sheet Health
Financial Health criteria checks 6/6
Ichikoh Industries has a total shareholder equity of ¥64.7B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are ¥129.4B and ¥64.7B respectively. Ichikoh Industries's EBIT is ¥7.4B making its interest coverage ratio -78.1. It has cash and short-term investments of ¥8.9B.
Key information
3.2%
Debt to equity ratio
JP¥2.07b
Debt
Interest coverage ratio | -78.1x |
Cash | JP¥8.94b |
Equity | JP¥64.73b |
Total liabilities | JP¥64.69b |
Total assets | JP¥129.42b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7244's short term assets (¥67.3B) exceed its short term liabilities (¥53.9B).
Long Term Liabilities: 7244's short term assets (¥67.3B) exceed its long term liabilities (¥10.8B).
Debt to Equity History and Analysis
Debt Level: 7244 has more cash than its total debt.
Reducing Debt: 7244's debt to equity ratio has reduced from 20.5% to 3.2% over the past 5 years.
Debt Coverage: 7244's debt is well covered by operating cash flow (646%).
Interest Coverage: 7244 earns more interest than it pays, so coverage of interest payments is not a concern.