Wakachiku Construction Balance Sheet Health
Financial Health criteria checks 4/6
Wakachiku Construction has a total shareholder equity of ¥45.0B and total debt of ¥17.0B, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are ¥97.3B and ¥52.2B respectively. Wakachiku Construction's EBIT is ¥6.2B making its interest coverage ratio -73.2. It has cash and short-term investments of ¥15.9B.
Key information
37.7%
Debt to equity ratio
JP¥16.99b
Debt
Interest coverage ratio | -73.2x |
Cash | JP¥15.95b |
Equity | JP¥45.03b |
Total liabilities | JP¥52.25b |
Total assets | JP¥97.27b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1888's short term assets (¥78.4B) exceed its short term liabilities (¥46.3B).
Long Term Liabilities: 1888's short term assets (¥78.4B) exceed its long term liabilities (¥5.9B).
Debt to Equity History and Analysis
Debt Level: 1888's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: 1888's debt to equity ratio has increased from 8.3% to 37.7% over the past 5 years.
Debt Coverage: 1888's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: 1888 earns more interest than it pays, so coverage of interest payments is not a concern.