ShinMaywa Industries Balance Sheet Health
Financial Health criteria checks 3/6
ShinMaywa Industries has a total shareholder equity of ¥103.4B and total debt of ¥77.9B, which brings its debt-to-equity ratio to 75.4%. Its total assets and total liabilities are ¥257.3B and ¥153.9B respectively. ShinMaywa Industries's EBIT is ¥9.6B making its interest coverage ratio 137. It has cash and short-term investments of ¥19.4B.
Key information
75.4%
Debt to equity ratio
JP¥77.92b
Debt
Interest coverage ratio | 137x |
Cash | JP¥19.42b |
Equity | JP¥103.36b |
Total liabilities | JP¥153.94b |
Total assets | JP¥257.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7224's short term assets (¥179.6B) exceed its short term liabilities (¥107.8B).
Long Term Liabilities: 7224's short term assets (¥179.6B) exceed its long term liabilities (¥46.2B).
Debt to Equity History and Analysis
Debt Level: 7224's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: 7224's debt to equity ratio has increased from 5.8% to 75.4% over the past 5 years.
Debt Coverage: 7224's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 7224's interest payments on its debt are well covered by EBIT (137x coverage).