CTI Engineering Balance Sheet Health
Financial Health criteria checks 6/6
CTI Engineering has a total shareholder equity of ¥55.1B and total debt of ¥1.4B, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are ¥79.9B and ¥24.8B respectively. CTI Engineering's EBIT is ¥10.0B making its interest coverage ratio -117.8. It has cash and short-term investments of ¥19.7B.
Key information
2.5%
Debt to equity ratio
JP¥1.35b
Debt
| Interest coverage ratio | -117.8x |
| Cash | JP¥19.65b |
| Equity | JP¥55.09b |
| Total liabilities | JP¥24.82b |
| Total assets | JP¥79.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9621's short term assets (¥54.4B) exceed its short term liabilities (¥21.5B).
Long Term Liabilities: 9621's short term assets (¥54.4B) exceed its long term liabilities (¥3.3B).
Debt to Equity History and Analysis
Debt Level: 9621 has more cash than its total debt.
Reducing Debt: 9621's debt to equity ratio has reduced from 2.7% to 2.5% over the past 5 years.
Debt Coverage: 9621's debt is well covered by operating cash flow (64.7%).
Interest Coverage: 9621 earns more interest than it pays, so coverage of interest payments is not a concern.