Giken Balance Sheet Health
Financial Health criteria checks 6/6
Giken has a total shareholder equity of ¥40.2B and total debt of ¥47.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are ¥50.9B and ¥10.7B respectively. Giken's EBIT is ¥3.3B making its interest coverage ratio -814. It has cash and short-term investments of ¥9.8B.
Key information
0.1%
Debt to equity ratio
JP¥47.00m
Debt
Interest coverage ratio | -814x |
Cash | JP¥9.76b |
Equity | JP¥40.23b |
Total liabilities | JP¥10.65b |
Total assets | JP¥50.88b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6289's short term assets (¥25.9B) exceed its short term liabilities (¥10.5B).
Long Term Liabilities: 6289's short term assets (¥25.9B) exceed its long term liabilities (¥167.0M).
Debt to Equity History and Analysis
Debt Level: 6289 has more cash than its total debt.
Reducing Debt: 6289's debt to equity ratio has reduced from 2.4% to 0.1% over the past 5 years.
Debt Coverage: 6289's debt is well covered by operating cash flow (5225.5%).
Interest Coverage: 6289 earns more interest than it pays, so coverage of interest payments is not a concern.