Harmonic Drive Systems Balance Sheet Health
Financial Health criteria checks 5/6
Harmonic Drive Systems has a total shareholder equity of ¥105.9B and total debt of ¥19.1B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are ¥150.7B and ¥44.9B respectively. Harmonic Drive Systems's EBIT is ¥2.8B making its interest coverage ratio -17.1. It has cash and short-term investments of ¥19.0B.
Key information
18.0%
Debt to equity ratio
JP¥19.06b
Debt
| Interest coverage ratio | -17.1x |
| Cash | JP¥18.99b |
| Equity | JP¥105.85b |
| Total liabilities | JP¥44.89b |
| Total assets | JP¥150.74b |
Recent financial health updates
Is Harmonic Drive Systems (TYO:6324) Using Debt Sensibly?
Apr 06
Is Harmonic Drive Systems (TYO:6324) Using Debt Sensibly?
Dec 21Recent updates
Harmonic Drive Systems' (TSE:6324) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Apr 16Estimating The Intrinsic Value Of Harmonic Drive Systems Inc. (TSE:6324)
Mar 31Is Harmonic Drive Systems (TYO:6324) Using Debt Sensibly?
Apr 06If You Had Bought Harmonic Drive Systems (TYO:6324) Stock Five Years Ago, You Could Pocket A 184% Gain Today
Mar 02Could The Harmonic Drive Systems Inc. (TYO:6324) Ownership Structure Tell Us Something Useful?
Jan 26Is Harmonic Drive Systems (TYO:6324) Using Debt Sensibly?
Dec 21Financial Position Analysis
Short Term Liabilities: 6324's short term assets (¥48.9B) exceed its short term liabilities (¥11.6B).
Long Term Liabilities: 6324's short term assets (¥48.9B) exceed its long term liabilities (¥33.3B).
Debt to Equity History and Analysis
Debt Level: 6324's net debt to equity ratio (0.07%) is considered satisfactory.
Reducing Debt: 6324's debt to equity ratio has increased from 2% to 18% over the past 5 years.
Debt Coverage: 6324's debt is well covered by operating cash flow (88.1%).
Interest Coverage: 6324 earns more interest than it pays, so coverage of interest payments is not a concern.