Rheon Automatic Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Rheon Automatic Machinery has a total shareholder equity of ¥36.5B and total debt of ¥1.5B, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are ¥44.9B and ¥8.4B respectively. Rheon Automatic Machinery's EBIT is ¥5.4B making its interest coverage ratio -75.6. It has cash and short-term investments of ¥13.5B.
Key information
4.2%
Debt to equity ratio
JP¥1.54b
Debt
| Interest coverage ratio | -75.6x |
| Cash | JP¥13.49b |
| Equity | JP¥36.53b |
| Total liabilities | JP¥8.39b |
| Total assets | JP¥44.92b |
Financial Position Analysis
Short Term Liabilities: 6272's short term assets (¥25.8B) exceed its short term liabilities (¥6.6B).
Long Term Liabilities: 6272's short term assets (¥25.8B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 6272 has more cash than its total debt.
Reducing Debt: 6272's debt to equity ratio has reduced from 5.4% to 4.2% over the past 5 years.
Debt Coverage: 6272's debt is well covered by operating cash flow (344%).
Interest Coverage: 6272 earns more interest than it pays, so coverage of interest payments is not a concern.