Harmonic Drive Systems Balance Sheet Health
Financial Health criteria checks 5/6
Harmonic Drive Systems has a total shareholder equity of ¥79.4B and total debt of ¥18.4B, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are ¥119.1B and ¥39.7B respectively. Harmonic Drive Systems's EBIT is ¥125.0M making its interest coverage ratio -0.6. It has cash and short-term investments of ¥20.4B.
Key information
23.2%
Debt to equity ratio
JP¥18.43b
Debt
Interest coverage ratio | -0.6x |
Cash | JP¥20.36b |
Equity | JP¥79.40b |
Total liabilities | JP¥39.74b |
Total assets | JP¥119.14b |
Recent financial health updates
We Think Harmonic Drive Systems (TSE:6324) Can Stay On Top Of Its Debt
May 25Is Harmonic Drive Systems (TYO:6324) Using Debt Sensibly?
Apr 06Is Harmonic Drive Systems (TYO:6324) Using Debt Sensibly?
Dec 21Recent updates
We Think Harmonic Drive Systems (TSE:6324) Can Stay On Top Of Its Debt
May 25Harmonic 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 (¥47.5B) exceed its short term liabilities (¥11.7B).
Long Term Liabilities: 6324's short term assets (¥47.5B) exceed its long term liabilities (¥28.0B).
Debt to Equity History and Analysis
Debt Level: 6324 has more cash than its total debt.
Reducing Debt: 6324's debt to equity ratio has increased from 1.9% to 23.2% over the past 5 years.
Debt Coverage: 6324's debt is well covered by operating cash flow (69.1%).
Interest Coverage: 6324 earns more interest than it pays, so coverage of interest payments is not a concern.