Heiwa PaperLtd Balance Sheet Health
Financial Health criteria checks 5/6
Heiwa PaperLtd has a total shareholder equity of ¥9.8B and total debt of ¥2.2B, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are ¥18.3B and ¥8.5B respectively. Heiwa PaperLtd's EBIT is ¥171.0M making its interest coverage ratio -3.1. It has cash and short-term investments of ¥2.6B.
Key information
22.4%
Debt to equity ratio
JP¥2.20b
Debt
Interest coverage ratio | -3.1x |
Cash | JP¥2.65b |
Equity | JP¥9.83b |
Total liabilities | JP¥8.48b |
Total assets | JP¥18.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9929's short term assets (¥12.8B) exceed its short term liabilities (¥7.7B).
Long Term Liabilities: 9929's short term assets (¥12.8B) exceed its long term liabilities (¥820.0M).
Debt to Equity History and Analysis
Debt Level: 9929 has more cash than its total debt.
Reducing Debt: 9929's debt to equity ratio has reduced from 25.2% to 22.4% over the past 5 years.
Debt Coverage: 9929's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: 9929 earns more interest than it pays, so coverage of interest payments is not a concern.