Narasaki Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Narasaki Sangyo has a total shareholder equity of ¥24.5B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are ¥53.2B and ¥28.8B respectively. Narasaki Sangyo's EBIT is ¥2.7B making its interest coverage ratio -48.9. It has cash and short-term investments of ¥13.3B.
Key information
7.3%
Debt to equity ratio
JP¥1.79b
Debt
| Interest coverage ratio | -48.9x |
| Cash | JP¥13.28b |
| Equity | JP¥24.46b |
| Total liabilities | JP¥28.78b |
| Total assets | JP¥53.24b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8085's short term assets (¥36.4B) exceed its short term liabilities (¥24.4B).
Long Term Liabilities: 8085's short term assets (¥36.4B) exceed its long term liabilities (¥4.4B).
Debt to Equity History and Analysis
Debt Level: 8085 has more cash than its total debt.
Reducing Debt: 8085's debt to equity ratio has reduced from 15% to 7.3% over the past 5 years.
Debt Coverage: 8085's debt is well covered by operating cash flow (120.3%).
Interest Coverage: 8085 earns more interest than it pays, so coverage of interest payments is not a concern.