HIRANO TECSEEDLtd Balance Sheet Health
Financial Health criteria checks 5/6
HIRANO TECSEEDLtd has a total shareholder equity of ¥38.6B and total debt of ¥6.9B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are ¥62.9B and ¥24.4B respectively. HIRANO TECSEEDLtd's EBIT is ¥3.2B making its interest coverage ratio -68.9. It has cash and short-term investments of ¥14.3B.
Key information
18.0%
Debt to equity ratio
JP¥6.94b
Debt
Interest coverage ratio | -68.9x |
Cash | JP¥14.28b |
Equity | JP¥38.56b |
Total liabilities | JP¥24.37b |
Total assets | JP¥62.93b |
Financial Position Analysis
Short Term Liabilities: 6245's short term assets (¥49.6B) exceed its short term liabilities (¥23.0B).
Long Term Liabilities: 6245's short term assets (¥49.6B) exceed its long term liabilities (¥1.4B).
Debt to Equity History and Analysis
Debt Level: 6245 has more cash than its total debt.
Reducing Debt: 6245's debt to equity ratio has increased from 3.3% to 18% over the past 5 years.
Debt Coverage: 6245's debt is well covered by operating cash flow (79.7%).
Interest Coverage: 6245 earns more interest than it pays, so coverage of interest payments is not a concern.