Aichi Electric Balance Sheet Health
Financial Health criteria checks 5/6
Aichi Electric has a total shareholder equity of ¥76.0B and total debt of ¥16.6B, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are ¥131.1B and ¥55.1B respectively. Aichi Electric's EBIT is ¥7.1B making its interest coverage ratio -39.8. It has cash and short-term investments of ¥26.3B.
Key information
21.8%
Debt to equity ratio
JP¥16.57b
Debt
| Interest coverage ratio | -39.8x |
| Cash | JP¥26.26b |
| Equity | JP¥76.00b |
| Total liabilities | JP¥55.13b |
| Total assets | JP¥131.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6623's short term assets (¥82.8B) exceed its short term liabilities (¥36.8B).
Long Term Liabilities: 6623's short term assets (¥82.8B) exceed its long term liabilities (¥18.3B).
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 12.4% to 21.8% over the past 5 years.
Debt Coverage: 6623's debt is well covered by operating cash flow (83.5%).
Interest Coverage: 6623 earns more interest than it pays, so coverage of interest payments is not a concern.