Central Glass Balance Sheet Health
Financial Health criteria checks 5/6
Central Glass has a total shareholder equity of ¥116.8B and total debt of ¥62.4B, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are ¥227.0B and ¥110.2B respectively. Central Glass's EBIT is ¥14.8B making its interest coverage ratio -34.9. It has cash and short-term investments of ¥26.1B.
Key information
53.5%
Debt to equity ratio
JP¥62.45b
Debt
Interest coverage ratio | -34.9x |
Cash | JP¥26.14b |
Equity | JP¥116.76b |
Total liabilities | JP¥110.20b |
Total assets | JP¥226.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4044's short term assets (¥124.0B) exceed its short term liabilities (¥58.3B).
Long Term Liabilities: 4044's short term assets (¥124.0B) exceed its long term liabilities (¥51.9B).
Debt to Equity History and Analysis
Debt Level: 4044's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: 4044's debt to equity ratio has increased from 43.9% to 53.5% over the past 5 years.
Debt Coverage: 4044's debt is well covered by operating cash flow (34.9%).
Interest Coverage: 4044 earns more interest than it pays, so coverage of interest payments is not a concern.