Altech Balance Sheet Health
Financial Health criteria checks 6/6
Altech has a total shareholder equity of ¥16.9B and total debt of ¥236.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are ¥26.4B and ¥9.5B respectively. Altech's EBIT is ¥4.8B making its interest coverage ratio -141.6. It has cash and short-term investments of ¥10.7B.
Key information
1.4%
Debt to equity ratio
JP¥236.00m
Debt
Interest coverage ratio | -141.6x |
Cash | JP¥10.75b |
Equity | JP¥16.91b |
Total liabilities | JP¥9.48b |
Total assets | JP¥26.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4641's short term assets (¥19.1B) exceed its short term liabilities (¥9.2B).
Long Term Liabilities: 4641's short term assets (¥19.1B) exceed its long term liabilities (¥325.0M).
Debt to Equity History and Analysis
Debt Level: 4641 has more cash than its total debt.
Reducing Debt: 4641's debt to equity ratio has reduced from 10.1% to 1.4% over the past 5 years.
Debt Coverage: 4641's debt is well covered by operating cash flow (1361.4%).
Interest Coverage: 4641 earns more interest than it pays, so coverage of interest payments is not a concern.