Rheon Automatic Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Rheon Automatic Machinery has a total shareholder equity of ¥35.9B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are ¥44.6B and ¥8.7B respectively. Rheon Automatic Machinery's EBIT is ¥4.9B making its interest coverage ratio -125.2. It has cash and short-term investments of ¥13.6B.
Key information
4.5%
Debt to equity ratio
JP¥1.61b
Debt
Interest coverage ratio | -125.2x |
Cash | JP¥13.59b |
Equity | JP¥35.88b |
Total liabilities | JP¥8.69b |
Total assets | JP¥44.57b |
Financial Position Analysis
Short Term Liabilities: 6272's short term assets (¥25.4B) exceed its short term liabilities (¥6.7B).
Long Term Liabilities: 6272's short term assets (¥25.4B) exceed its long term liabilities (¥1.9B).
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 6.3% to 4.5% over the past 5 years.
Debt Coverage: 6272's debt is well covered by operating cash flow (285.7%).
Interest Coverage: 6272 earns more interest than it pays, so coverage of interest payments is not a concern.