Densan Balance Sheet Health
Financial Health criteria checks 5/6
Densan has a total shareholder equity of ¥9.9B and total debt of ¥3.7B, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are ¥18.7B and ¥8.8B respectively. Densan's EBIT is ¥2.0B making its interest coverage ratio 399. It has cash and short-term investments of ¥1.9B.
Key information
37.7%
Debt to equity ratio
JP¥3.73b
Debt
Interest coverage ratio | 399x |
Cash | JP¥1.92b |
Equity | JP¥9.90b |
Total liabilities | JP¥8.76b |
Total assets | JP¥18.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3640's short term assets (¥8.9B) exceed its short term liabilities (¥5.5B).
Long Term Liabilities: 3640's short term assets (¥8.9B) exceed its long term liabilities (¥3.2B).
Debt to Equity History and Analysis
Debt Level: 3640's net debt to equity ratio (18.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 3640's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 3640's debt is well covered by operating cash flow (85%).
Interest Coverage: 3640's interest payments on its debt are well covered by EBIT (399x coverage).