Aichi Electric Balance Sheet Health
Financial Health criteria checks 5/6
Aichi Electric has a total shareholder equity of ¥78.3B and total debt of ¥16.4B, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are ¥134.1B and ¥55.8B respectively. Aichi Electric's EBIT is ¥7.9B making its interest coverage ratio -67.4. It has cash and short-term investments of ¥25.9B.
Key information
21.0%
Debt to equity ratio
JP¥16.41b
Debt
| Interest coverage ratio | -67.4x |
| Cash | JP¥25.94b |
| Equity | JP¥78.29b |
| Total liabilities | JP¥55.79b |
| Total assets | JP¥134.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6623's short term assets (¥85.5B) exceed its short term liabilities (¥38.0B).
Long Term Liabilities: 6623's short term assets (¥85.5B) exceed its long term liabilities (¥17.8B).
Debt to Equity History and Analysis
Debt Level: 6623 has more cash than its total debt.
Reducing Debt: 6623's debt to equity ratio has increased from 11.8% to 21% over the past 5 years.
Debt Coverage: 6623's debt is well covered by operating cash flow (67.8%).
Interest Coverage: 6623 earns more interest than it pays, so coverage of interest payments is not a concern.