Howa Machinery Balance Sheet Health
Financial Health criteria checks 4/6
Howa Machinery has a total shareholder equity of ¥18.0B and total debt of ¥5.4B, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are ¥29.8B and ¥11.9B respectively. Howa Machinery's EBIT is ¥291.0M making its interest coverage ratio -2.1. It has cash and short-term investments of ¥3.7B.
Key information
30.1%
Debt to equity ratio
JP¥5.41b
Debt
Interest coverage ratio | -2.1x |
Cash | JP¥3.65b |
Equity | JP¥17.97b |
Total liabilities | JP¥11.85b |
Total assets | JP¥29.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6203's short term assets (¥20.1B) exceed its short term liabilities (¥6.6B).
Long Term Liabilities: 6203's short term assets (¥20.1B) exceed its long term liabilities (¥5.3B).
Debt to Equity History and Analysis
Debt Level: 6203's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: 6203's debt to equity ratio has increased from 8.4% to 30.1% over the past 5 years.
Debt Coverage: 6203's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6203 earns more interest than it pays, so coverage of interest payments is not a concern.