Asahi Kogyosha Balance Sheet Health
Financial Health criteria checks 6/6
Asahi Kogyosha has a total shareholder equity of ¥38.2B and total debt of ¥2.2B, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are ¥65.2B and ¥27.0B respectively. Asahi Kogyosha's EBIT is ¥4.9B making its interest coverage ratio -15.6. It has cash and short-term investments of ¥9.6B.
Key information
5.8%
Debt to equity ratio
JP¥2.23b
Debt
Interest coverage ratio | -15.6x |
Cash | JP¥9.59b |
Equity | JP¥38.24b |
Total liabilities | JP¥26.97b |
Total assets | JP¥65.21b |
Recent financial health updates
Recent updates
Asahi Kogyosha Co., Ltd.'s (TSE:1975) Shares Leap 28% Yet They're Still Not Telling The Full Story
Sep 04These 4 Measures Indicate That Asahi Kogyosha (TSE:1975) Is Using Debt Safely
Aug 06Asahi Kogyosha (TSE:1975) Will Pay A Larger Dividend Than Last Year At ¥80.00
Mar 26Asahi Kogyosha (TSE:1975) Will Pay A Larger Dividend Than Last Year At ¥80.00
Mar 07Financial Position Analysis
Short Term Liabilities: 1975's short term assets (¥45.5B) exceed its short term liabilities (¥25.1B).
Long Term Liabilities: 1975's short term assets (¥45.5B) exceed its long term liabilities (¥1.8B).
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 15.8% to 5.8% over the past 5 years.
Debt Coverage: 1975's debt is well covered by operating cash flow (90.1%).
Interest Coverage: 1975 earns more interest than it pays, so coverage of interest payments is not a concern.