Asahi Kogyosha Balance Sheet Health
Financial Health criteria checks 6/6
Asahi Kogyosha has a total shareholder equity of ¥36.7B and total debt of ¥2.2B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ¥75.9B and ¥39.2B respectively. Asahi Kogyosha's EBIT is ¥4.2B making its interest coverage ratio -14.6. It has cash and short-term investments of ¥15.2B.
Key information
6.1%
Debt to equity ratio
JP¥2.23b
Debt
Interest coverage ratio | -14.6x |
Cash | JP¥15.20b |
Equity | JP¥36.70b |
Total liabilities | JP¥39.22b |
Total assets | JP¥75.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1975's short term assets (¥55.9B) exceed its short term liabilities (¥37.3B).
Long Term Liabilities: 1975's short term assets (¥55.9B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 1975 has more cash than its total debt.
Reducing Debt: 1975's debt to equity ratio has reduced from 16.8% to 6.1% over the past 5 years.
Debt Coverage: 1975's debt is well covered by operating cash flow (203%).
Interest Coverage: 1975 earns more interest than it pays, so coverage of interest payments is not a concern.