Asahi Kogyosha Balance Sheet Health
Financial Health criteria checks 6/6
Asahi Kogyosha has a total shareholder equity of ¥38.8B and total debt of ¥3.3B, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are ¥84.0B and ¥45.3B respectively. Asahi Kogyosha's EBIT is ¥4.6B making its interest coverage ratio -15.5. It has cash and short-term investments of ¥18.8B.
Key information
8.5%
Debt to equity ratio
JP¥3.30b
Debt
| Interest coverage ratio | -15.5x |
| Cash | JP¥18.77b |
| Equity | JP¥38.76b |
| Total liabilities | JP¥45.26b |
| Total assets | JP¥84.01b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1975's short term assets (¥63.9B) exceed its short term liabilities (¥43.7B).
Long Term Liabilities: 1975's short term assets (¥63.9B) exceed its long term liabilities (¥1.6B).
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 18.6% to 8.5% over the past 5 years.
Debt Coverage: 1975's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 1975 earns more interest than it pays, so coverage of interest payments is not a concern.