IDEC Balance Sheet Health
Financial Health criteria checks 6/6
IDEC has a total shareholder equity of ¥66.0B and total debt of ¥23.3B, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are ¥107.1B and ¥41.1B respectively. IDEC's EBIT is ¥6.3B making its interest coverage ratio -202.5. It has cash and short-term investments of ¥17.6B.
Key information
35.2%
Debt to equity ratio
JP¥23.26b
Debt
Interest coverage ratio | -202.5x |
Cash | JP¥17.63b |
Equity | JP¥66.00b |
Total liabilities | JP¥41.13b |
Total assets | JP¥107.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6652's short term assets (¥54.9B) exceed its short term liabilities (¥23.8B).
Long Term Liabilities: 6652's short term assets (¥54.9B) exceed its long term liabilities (¥17.3B).
Debt to Equity History and Analysis
Debt Level: 6652's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 6652's debt to equity ratio has reduced from 58.2% to 35.2% over the past 5 years.
Debt Coverage: 6652's debt is well covered by operating cash flow (23.7%).
Interest Coverage: 6652 earns more interest than it pays, so coverage of interest payments is not a concern.