Densan Balance Sheet Health
Financial Health criteria checks 6/6
Densan has a total shareholder equity of ¥11.1B and total debt of ¥2.9B, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are ¥19.2B and ¥8.1B respectively. Densan's EBIT is ¥1.5B making its interest coverage ratio 370.8. It has cash and short-term investments of ¥2.5B.
Key information
26.5%
Debt to equity ratio
JP¥2.94b
Debt
| Interest coverage ratio | 370.8x |
| Cash | JP¥2.52b |
| Equity | JP¥11.08b |
| Total liabilities | JP¥8.14b |
| Total assets | JP¥19.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3640's short term assets (¥9.1B) exceed its short term liabilities (¥5.4B).
Long Term Liabilities: 3640's short term assets (¥9.1B) exceed its long term liabilities (¥2.7B).
Debt to Equity History and Analysis
Debt Level: 3640's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 3640's debt to equity ratio has reduced from 66.3% to 26.5% over the past 5 years.
Debt Coverage: 3640's debt is well covered by operating cash flow (46.9%).
Interest Coverage: 3640's interest payments on its debt are well covered by EBIT (370.8x coverage).