Ichikawa Balance Sheet Health
Financial Health criteria checks 6/6
Ichikawa has a total shareholder equity of ¥21.1B and total debt of ¥860.0M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ¥28.7B and ¥7.6B respectively. Ichikawa's EBIT is ¥1.0B making its interest coverage ratio -8.8. It has cash and short-term investments of ¥6.6B.
Key information
4.1%
Debt to equity ratio
JP¥860.00m
Debt
| Interest coverage ratio | -8.8x |
| Cash | JP¥6.60b |
| Equity | JP¥21.13b |
| Total liabilities | JP¥7.57b |
| Total assets | JP¥28.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3513's short term assets (¥15.0B) exceed its short term liabilities (¥3.5B).
Long Term Liabilities: 3513's short term assets (¥15.0B) exceed its long term liabilities (¥4.1B).
Debt to Equity History and Analysis
Debt Level: 3513 has more cash than its total debt.
Reducing Debt: 3513's debt to equity ratio has reduced from 4.8% to 4.1% over the past 5 years.
Debt Coverage: 3513's debt is well covered by operating cash flow (227.9%).
Interest Coverage: 3513 earns more interest than it pays, so coverage of interest payments is not a concern.