Seiwa Electric Mfg Balance Sheet Health
Financial Health criteria checks 6/6
Seiwa Electric Mfg has a total shareholder equity of ¥16.6B and total debt of ¥2.8B, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are ¥27.9B and ¥11.3B respectively. Seiwa Electric Mfg's EBIT is ¥1.3B making its interest coverage ratio -22.2. It has cash and short-term investments of ¥4.3B.
Key information
17.2%
Debt to equity ratio
JP¥2.85b
Debt
| Interest coverage ratio | -22.2x |
| Cash | JP¥4.26b |
| Equity | JP¥16.59b |
| Total liabilities | JP¥11.31b |
| Total assets | JP¥27.90b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6748's short term assets (¥18.3B) exceed its short term liabilities (¥9.6B).
Long Term Liabilities: 6748's short term assets (¥18.3B) exceed its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 6748 has more cash than its total debt.
Reducing Debt: 6748's debt to equity ratio has reduced from 44.4% to 17.2% over the past 5 years.
Debt Coverage: 6748's debt is well covered by operating cash flow (41.6%).
Interest Coverage: 6748 earns more interest than it pays, so coverage of interest payments is not a concern.