Raito Kogyo Balance Sheet Health
Financial Health criteria checks 5/6
Raito Kogyo has a total shareholder equity of ¥87.1B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are ¥121.5B and ¥34.4B respectively. Raito Kogyo's EBIT is ¥11.5B making its interest coverage ratio -64.5. It has cash and short-term investments of ¥34.5B.
Key information
1.9%
Debt to equity ratio
JP¥1.65b
Debt
| Interest coverage ratio | -64.5x |
| Cash | JP¥34.49b |
| Equity | JP¥87.09b |
| Total liabilities | JP¥34.44b |
| Total assets | JP¥121.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1926's short term assets (¥78.1B) exceed its short term liabilities (¥33.3B).
Long Term Liabilities: 1926's short term assets (¥78.1B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 1926 has more cash than its total debt.
Reducing Debt: 1926's debt to equity ratio has increased from 1.3% to 1.9% over the past 5 years.
Debt Coverage: 1926's debt is well covered by operating cash flow (845.6%).
Interest Coverage: 1926 earns more interest than it pays, so coverage of interest payments is not a concern.