Asaka RikenLtd Balance Sheet Health
Financial Health criteria checks 6/6
Asaka RikenLtd has a total shareholder equity of ¥4.3B and total debt of ¥2.5B, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are ¥8.3B and ¥4.0B respectively. Asaka RikenLtd's EBIT is ¥276.0M making its interest coverage ratio 27.6. It has cash and short-term investments of ¥1.8B.
Key information
58.3%
Debt to equity ratio
JP¥2.48b
Debt
| Interest coverage ratio | 27.6x |
| Cash | JP¥1.76b |
| Equity | JP¥4.25b |
| Total liabilities | JP¥4.04b |
| Total assets | JP¥8.29b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Asaka Riken (TYO:5724) Is Using Debt Reasonably Well
Feb 24
Be Wary Of Asaka Riken (TYO:5724) And Its Returns On Capital
Jan 29Asaka Riken Co., Ltd.'s (TYO:5724) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Jan 07
We Wouldn't Rely On Asaka Riken's (TYO:5724) Statutory Earnings As A Guide
Dec 20If You Had Bought Asaka Riken (TYO:5724) Shares Five Years Ago You'd Have Earned 56% Returns
Dec 02Financial Position Analysis
Short Term Liabilities: 5724's short term assets (¥3.6B) exceed its short term liabilities (¥2.4B).
Long Term Liabilities: 5724's short term assets (¥3.6B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: 5724's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: 5724's debt to equity ratio has reduced from 74.7% to 58.3% over the past 5 years.
Debt Coverage: 5724's debt is well covered by operating cash flow (28.1%).
Interest Coverage: 5724's interest payments on its debt are well covered by EBIT (27.6x coverage).