Altech Balance Sheet Health
Financial Health criteria checks 6/6
Altech has a total shareholder equity of ¥17.4B and total debt of ¥224.9M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are ¥27.2B and ¥9.8B respectively. Altech's EBIT is ¥5.0B making its interest coverage ratio -143.3. It has cash and short-term investments of ¥12.2B.
Key information
1.3%
Debt to equity ratio
JP¥224.91m
Debt
| Interest coverage ratio | -143.3x |
| Cash | JP¥12.15b |
| Equity | JP¥17.41b |
| Total liabilities | JP¥9.79b |
| Total assets | JP¥27.20b |
Recent financial health updates
No updates
Recent updates
Altech (TSE:4641) Has Announced A Dividend Of ¥44.00
Aug 24
Altech's (TSE:4641) Soft Earnings Don't Show The Whole Picture
Aug 21Altech (TSE:4641) Will Pay A Dividend Of ¥44.00
Aug 10Altech's (TSE:4641) Dividend Is Being Reduced To ¥44.00
Jun 19Altech's (TSE:4641) Dividend Will Be Reduced To ¥44.00
May 23Financial Position Analysis
Short Term Liabilities: 4641's short term assets (¥19.9B) exceed its short term liabilities (¥9.5B).
Long Term Liabilities: 4641's short term assets (¥19.9B) exceed its long term liabilities (¥318.4M).
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 7.2% to 1.3% over the past 5 years.
Debt Coverage: 4641's debt is well covered by operating cash flow (1961.7%).
Interest Coverage: 4641 earns more interest than it pays, so coverage of interest payments is not a concern.