Rheon Automatic Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Rheon Automatic Machinery has a total shareholder equity of ¥36.9B and total debt of ¥1.4B, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are ¥45.5B and ¥8.6B respectively. Rheon Automatic Machinery's EBIT is ¥5.1B making its interest coverage ratio -90.4. It has cash and short-term investments of ¥14.0B.
Key information
3.7%
Debt to equity ratio
JP¥1.36b
Debt
| Interest coverage ratio | -90.4x |
| Cash | JP¥14.01b |
| Equity | JP¥36.88b |
| Total liabilities | JP¥8.60b |
| Total assets | JP¥45.48b |
Financial Position Analysis
Short Term Liabilities: 6272's short term assets (¥25.8B) exceed its short term liabilities (¥6.8B).
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 4.9% to 3.7% over the past 5 years.
Debt Coverage: 6272's debt is well covered by operating cash flow (337.8%).
Interest Coverage: 6272 earns more interest than it pays, so coverage of interest payments is not a concern.