Parker Balance Sheet Health
Financial Health criteria checks 6/6
Parker has a total shareholder equity of ¥43.8B and total debt of ¥4.5B, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are ¥68.9B and ¥25.1B respectively. Parker's EBIT is ¥4.5B making its interest coverage ratio -32.4. It has cash and short-term investments of ¥17.5B.
Key information
10.4%
Debt to equity ratio
JP¥4.54b
Debt
Interest coverage ratio | -32.4x |
Cash | JP¥17.47b |
Equity | JP¥43.81b |
Total liabilities | JP¥25.08b |
Total assets | JP¥68.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9845's short term assets (¥46.1B) exceed its short term liabilities (¥18.4B).
Long Term Liabilities: 9845's short term assets (¥46.1B) exceed its long term liabilities (¥6.7B).
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 20.3% to 10.4% over the past 5 years.
Debt Coverage: 9845's debt is well covered by operating cash flow (94.6%).
Interest Coverage: 9845 earns more interest than it pays, so coverage of interest payments is not a concern.