Seiko Electric Balance Sheet Health
Financial Health criteria checks 5/6
Seiko Electric has a total shareholder equity of ¥14.2B and total debt of ¥4.3B, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are ¥31.7B and ¥17.4B respectively. Seiko Electric's EBIT is ¥1.7B making its interest coverage ratio -28.5. It has cash and short-term investments of ¥2.3B.
Key information
29.8%
Debt to equity ratio
JP¥4.25b
Debt
Interest coverage ratio | -28.5x |
Cash | JP¥2.28b |
Equity | JP¥14.24b |
Total liabilities | JP¥17.42b |
Total assets | JP¥31.66b |
Recent financial health updates
No updates
Recent updates
Seiko Electric's (TSE:6653) Upcoming Dividend Will Be Larger Than Last Year's
Jun 19Seiko Electric's (TSE:6653) Upcoming Dividend Will Be Larger Than Last Year's
May 09Seiko Electric (TSE:6653) Has Announced That It Will Be Increasing Its Dividend To ¥20.00
Apr 25Seiko Electric (TSE:6653) Has Announced That It Will Be Increasing Its Dividend To ¥20.00
Apr 11Investors Shouldn't Be Too Comfortable With Seiko Electric's (TSE:6653) Earnings
Apr 03Financial Position Analysis
Short Term Liabilities: 6653's short term assets (¥20.5B) exceed its short term liabilities (¥13.9B).
Long Term Liabilities: 6653's short term assets (¥20.5B) exceed its long term liabilities (¥3.6B).
Debt to Equity History and Analysis
Debt Level: 6653's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: 6653's debt to equity ratio has increased from 26.2% to 29.8% over the past 5 years.
Debt Coverage: 6653's debt is well covered by operating cash flow (75.1%).
Interest Coverage: 6653 earns more interest than it pays, so coverage of interest payments is not a concern.