Car Mate Mfg Balance Sheet Health
Financial Health criteria checks 5/6
Car Mate Mfg has a total shareholder equity of ¥14.9B and total debt of ¥1.4B, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are ¥21.4B and ¥6.4B respectively. Car Mate Mfg's EBIT is ¥234.0M making its interest coverage ratio -2.6. It has cash and short-term investments of ¥8.5B.
Key information
9.5%
Debt to equity ratio
JP¥1.43b
Debt
Interest coverage ratio | -2.6x |
Cash | JP¥8.49b |
Equity | JP¥14.94b |
Total liabilities | JP¥6.42b |
Total assets | JP¥21.36b |
Recent financial health updates
We Think Car Mate Mfg (TYO:7297) Can Stay On Top Of Its Debt
Mar 24We Think Car Mate Mfg (TYO:7297) Can Manage Its Debt With Ease
Dec 22Recent updates
Car Mate Mfg (TSE:7297) Will Pay A Dividend Of ¥15.00
Mar 12Car Mate Mfg (TSE:7297) Is Due To Pay A Dividend Of ¥15.00
Feb 27We Think Car Mate Mfg (TYO:7297) Can Stay On Top Of Its Debt
Mar 24Can Car Mate Mfg (TYO:7297) Continue To Grow Its Returns On Capital?
Mar 03Does Car Mate Mfg. Co., Ltd. (TYO:7297) Have A Place In Your Dividend Portfolio?
Feb 07Car Mate Mfg's (TYO:7297) Stock Price Has Reduced 44% In The Past Three Years
Jan 13We Think Car Mate Mfg (TYO:7297) Can Manage Its Debt With Ease
Dec 22Is There More Growth In Store For Car Mate Mfg's (TYO:7297) Returns On Capital?
Dec 01Financial Position Analysis
Short Term Liabilities: 7297's short term assets (¥18.0B) exceed its short term liabilities (¥3.9B).
Long Term Liabilities: 7297's short term assets (¥18.0B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: 7297 has more cash than its total debt.
Reducing Debt: 7297's debt to equity ratio has reduced from 13.9% to 9.5% over the past 5 years.
Debt Coverage: 7297's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 7297 earns more interest than it pays, so coverage of interest payments is not a concern.