Narasaki Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Narasaki Sangyo has a total shareholder equity of ¥22.5B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are ¥57.3B and ¥34.8B respectively. Narasaki Sangyo's EBIT is ¥2.8B making its interest coverage ratio -61.4. It has cash and short-term investments of ¥12.0B.
Key information
9.3%
Debt to equity ratio
JP¥2.09b
Debt
Interest coverage ratio | -61.4x |
Cash | JP¥12.04b |
Equity | JP¥22.47b |
Total liabilities | JP¥34.83b |
Total assets | JP¥57.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8085's short term assets (¥42.1B) exceed its short term liabilities (¥30.4B).
Long Term Liabilities: 8085's short term assets (¥42.1B) 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 17.8% to 9.3% over the past 5 years.
Debt Coverage: 8085's debt is well covered by operating cash flow (88%).
Interest Coverage: 8085 earns more interest than it pays, so coverage of interest payments is not a concern.