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
CashJP¥8.49b
EquityJP¥14.94b
Total liabilitiesJP¥6.42b
Total assetsJP¥21.36b

Recent financial health updates

Recent updates

Car Mate Mfg (TSE:7297) Will Pay A Dividend Of ¥15.00

Mar 12
Car Mate Mfg (TSE:7297) Will Pay A Dividend Of ¥15.00

Car Mate Mfg (TSE:7297) Is Due To Pay A Dividend Of ¥15.00

Feb 27
Car Mate Mfg (TSE:7297) Is Due To Pay A Dividend Of ¥15.00

We Think Car Mate Mfg (TYO:7297) Can Stay On Top Of Its Debt

Mar 24
We Think Car Mate Mfg (TYO:7297) Can Stay On Top Of Its Debt

Can Car Mate Mfg (TYO:7297) Continue To Grow Its Returns On Capital?

Mar 03
Can Car Mate Mfg (TYO:7297) Continue To Grow Its Returns On Capital?

Does Car Mate Mfg. Co., Ltd. (TYO:7297) Have A Place In Your Dividend Portfolio?

Feb 07
Does Car Mate Mfg. Co., Ltd. (TYO:7297) Have A Place In Your Dividend Portfolio?

Car Mate Mfg's (TYO:7297) Stock Price Has Reduced 44% In The Past Three Years

Jan 13
Car Mate Mfg's (TYO:7297) Stock Price Has Reduced 44% In The Past Three Years

We Think Car Mate Mfg (TYO:7297) Can Manage Its Debt With Ease

Dec 22
We Think Car Mate Mfg (TYO:7297) Can Manage Its Debt With Ease

Is There More Growth In Store For Car Mate Mfg's (TYO:7297) Returns On Capital?

Dec 01
Is There More Growth In Store For Car Mate Mfg's (TYO:7297) Returns On Capital?

Financial 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.


Balance Sheet


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