Riken Corundum Balance Sheet Health
Financial Health criteria checks 5/6
Riken Corundum has a total shareholder equity of ¥4.9B and total debt of ¥370.0M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are ¥6.4B and ¥1.5B respectively. Riken Corundum's EBIT is ¥115.0M making its interest coverage ratio -6.1. It has cash and short-term investments of ¥963.0M.
Key information
7.6%
Debt to equity ratio
JP¥370.00m
Debt
Interest coverage ratio | -6.1x |
Cash | JP¥963.00m |
Equity | JP¥4.86b |
Total liabilities | JP¥1.55b |
Total assets | JP¥6.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5395's short term assets (¥3.0B) exceed its short term liabilities (¥1.2B).
Long Term Liabilities: 5395's short term assets (¥3.0B) exceed its long term liabilities (¥353.0M).
Debt to Equity History and Analysis
Debt Level: 5395 has more cash than its total debt.
Reducing Debt: 5395's debt to equity ratio has reduced from 9.1% to 7.6% over the past 5 years.
Debt Coverage: 5395's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5395 earns more interest than it pays, so coverage of interest payments is not a concern.