Parker Balance Sheet Health
Financial Health criteria checks 6/6
Parker has a total shareholder equity of ¥47.8B and total debt of ¥4.3B, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are ¥70.6B and ¥22.7B respectively. Parker's EBIT is ¥4.7B making its interest coverage ratio -29.4. It has cash and short-term investments of ¥19.0B.
Key information
9.1%
Debt to equity ratio
JP¥4.35b
Debt
| Interest coverage ratio | -29.4x |
| Cash | JP¥19.01b |
| Equity | JP¥47.84b |
| Total liabilities | JP¥22.71b |
| Total assets | JP¥70.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9845's short term assets (¥46.6B) exceed its short term liabilities (¥16.3B).
Long Term Liabilities: 9845's short term assets (¥46.6B) exceed its long term liabilities (¥6.4B).
Debt to Equity History and Analysis
Debt Level: 9845 has more cash than its total debt.
Reducing Debt: 9845's debt to equity ratio has reduced from 15.7% to 9.1% over the past 5 years.
Debt Coverage: 9845's debt is well covered by operating cash flow (111.2%).
Interest Coverage: 9845 earns more interest than it pays, so coverage of interest payments is not a concern.