Aida Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Aida Engineering has a total shareholder equity of ¥80.4B and total debt of ¥3.1B, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ¥120.0B and ¥39.6B respectively. Aida Engineering's EBIT is ¥5.1B making its interest coverage ratio -11.1. It has cash and short-term investments of ¥30.2B.
Key information
3.8%
Debt to equity ratio
JP¥3.10b
Debt
| Interest coverage ratio | -11.1x |
| Cash | JP¥30.24b |
| Equity | JP¥80.44b |
| Total liabilities | JP¥39.56b |
| Total assets | JP¥120.00b |
Financial Position Analysis
Short Term Liabilities: 6118's short term assets (¥86.2B) exceed its short term liabilities (¥32.8B).
Long Term Liabilities: 6118's short term assets (¥86.2B) exceed its long term liabilities (¥6.8B).
Debt to Equity History and Analysis
Debt Level: 6118 has more cash than its total debt.
Reducing Debt: 6118's debt to equity ratio has reduced from 5.2% to 3.8% over the past 5 years.
Debt Coverage: 6118's debt is well covered by operating cash flow (113.5%).
Interest Coverage: 6118 earns more interest than it pays, so coverage of interest payments is not a concern.