Hi-Lex Balance Sheet Health
Financial Health criteria checks 5/6
Hi-Lex has a total shareholder equity of ¥199.8B and total debt of ¥12.3B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ¥290.7B and ¥90.9B respectively. Hi-Lex's EBIT is ¥2.8B making its interest coverage ratio -2.1. It has cash and short-term investments of ¥63.3B.
Key information
6.1%
Debt to equity ratio
JP¥12.27b
Debt
| Interest coverage ratio | -2.1x |
| Cash | JP¥63.30b |
| Equity | JP¥199.80b |
| Total liabilities | JP¥90.88b |
| Total assets | JP¥290.68b |
Financial Position Analysis
Short Term Liabilities: 7279's short term assets (¥159.7B) exceed its short term liabilities (¥74.1B).
Long Term Liabilities: 7279's short term assets (¥159.7B) exceed its long term liabilities (¥16.8B).
Debt to Equity History and Analysis
Debt Level: 7279 has more cash than its total debt.
Reducing Debt: 7279's debt to equity ratio has increased from 4.3% to 6.1% over the past 5 years.
Debt Coverage: 7279's debt is well covered by operating cash flow (176%).
Interest Coverage: 7279 earns more interest than it pays, so coverage of interest payments is not a concern.