ASNOVA Balance Sheet Health
Financial Health criteria checks 2/6
ASNOVA has a total shareholder equity of ¥3.0B and total debt of ¥6.4B, which brings its debt-to-equity ratio to 212.3%. Its total assets and total liabilities are ¥10.0B and ¥7.1B respectively. ASNOVA's EBIT is ¥315.0M making its interest coverage ratio 13.7. It has cash and short-term investments of ¥1.0B.
Key information
212.3%
Debt to equity ratio
JP¥6.36b
Debt
| Interest coverage ratio | 13.7x |
| Cash | JP¥1.02b |
| Equity | JP¥2.99b |
| Total liabilities | JP¥7.05b |
| Total assets | JP¥10.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9223's short term assets (¥1.9B) do not cover its short term liabilities (¥3.0B).
Long Term Liabilities: 9223's short term assets (¥1.9B) do not cover its long term liabilities (¥4.0B).
Debt to Equity History and Analysis
Debt Level: 9223's net debt to equity ratio (178.4%) is considered high.
Reducing Debt: Insufficient data to determine if 9223's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9223's debt is well covered by operating cash flow (27.2%).
Interest Coverage: 9223's interest payments on its debt are well covered by EBIT (13.7x coverage).