Central Glass Balance Sheet Health
Financial Health criteria checks 6/6
Central Glass has a total shareholder equity of ¥121.5B and total debt of ¥46.2B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are ¥205.9B and ¥84.4B respectively. Central Glass's EBIT is ¥13.3B making its interest coverage ratio -14.9. It has cash and short-term investments of ¥24.3B.
Key information
38.0%
Debt to equity ratio
JP¥46.20b
Debt
| Interest coverage ratio | -14.9x |
| Cash | JP¥24.33b |
| Equity | JP¥121.50b |
| Total liabilities | JP¥84.40b |
| Total assets | JP¥205.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4044's short term assets (¥112.0B) exceed its short term liabilities (¥38.3B).
Long Term Liabilities: 4044's short term assets (¥112.0B) exceed its long term liabilities (¥46.1B).
Debt to Equity History and Analysis
Debt Level: 4044's net debt to equity ratio (18%) is considered satisfactory.
Reducing Debt: 4044's debt to equity ratio has reduced from 40.1% to 38% over the past 5 years.
Debt Coverage: 4044's debt is well covered by operating cash flow (55.9%).
Interest Coverage: 4044 earns more interest than it pays, so coverage of interest payments is not a concern.