Seiwa Electric Mfg Financial Health
Financial Health criteria checks 6/6
Seiwa Electric Mfg has a total shareholder equity of ¥14.5B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are ¥25.4B and ¥10.9B respectively. Seiwa Electric Mfg's EBIT is ¥1.2B making its interest coverage ratio -33. It has cash and short-term investments of ¥4.2B.
Debt to equity ratio
|Interest coverage ratio||-33x|
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6748's short term assets (¥17.0B) exceed its short term liabilities (¥9.4B).
Long Term Liabilities: 6748's short term assets (¥17.0B) exceed its long term liabilities (¥1.5B).
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 54.7% to 26.2% over the past 5 years.
Debt Coverage: 6748's debt is well covered by operating cash flow (112.7%).
Interest Coverage: 6748 earns more interest than it pays, so coverage of interest payments is not a concern.