Sinko Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sinko Industries has a total shareholder equity of ¥63.9B and total debt of ¥2.6B, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ¥88.0B and ¥24.1B respectively. Sinko Industries's EBIT is ¥8.6B making its interest coverage ratio -34.8. It has cash and short-term investments of ¥22.7B.
Key information
4.1%
Debt to equity ratio
JP¥2.59b
Debt
Interest coverage ratio | -34.8x |
Cash | JP¥22.73b |
Equity | JP¥63.91b |
Total liabilities | JP¥24.13b |
Total assets | JP¥88.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6458's short term assets (¥51.7B) exceed its short term liabilities (¥18.5B).
Long Term Liabilities: 6458's short term assets (¥51.7B) exceed its long term liabilities (¥5.7B).
Debt to Equity History and Analysis
Debt Level: 6458 has more cash than its total debt.
Reducing Debt: 6458's debt to equity ratio has reduced from 5.2% to 4.1% over the past 5 years.
Debt Coverage: 6458's debt is well covered by operating cash flow (343.5%).
Interest Coverage: 6458 earns more interest than it pays, so coverage of interest payments is not a concern.