Takatori Balance Sheet Health
Financial Health criteria checks 5/6
Takatori has a total shareholder equity of ¥9.2B and total debt of ¥3.7B, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are ¥17.4B and ¥8.2B respectively. Takatori's EBIT is ¥3.5B making its interest coverage ratio -191.7. It has cash and short-term investments of ¥5.9B.
Key information
40.5%
Debt to equity ratio
JP¥3.71b
Debt
Interest coverage ratio | -191.7x |
Cash | JP¥5.89b |
Equity | JP¥9.16b |
Total liabilities | JP¥8.22b |
Total assets | JP¥17.38b |
Financial Position Analysis
Short Term Liabilities: 6338's short term assets (¥14.4B) exceed its short term liabilities (¥8.1B).
Long Term Liabilities: 6338's short term assets (¥14.4B) exceed its long term liabilities (¥98.0M).
Debt to Equity History and Analysis
Debt Level: 6338 has more cash than its total debt.
Reducing Debt: 6338's debt to equity ratio has increased from 32.6% to 40.5% over the past 5 years.
Debt Coverage: 6338's debt is well covered by operating cash flow (47.7%).
Interest Coverage: 6338 earns more interest than it pays, so coverage of interest payments is not a concern.