Shigematsu Works Balance Sheet Health
Financial Health criteria checks 5/6
Shigematsu Works has a total shareholder equity of ¥8.4B and total debt of ¥3.9B, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are ¥16.8B and ¥8.4B respectively. Shigematsu Works's EBIT is ¥896.0M making its interest coverage ratio -149.3. It has cash and short-term investments of ¥1.4B.
Key information
46.1%
Debt to equity ratio
JP¥3.87b
Debt
| Interest coverage ratio | -149.3x |
| Cash | JP¥1.42b |
| Equity | JP¥8.40b |
| Total liabilities | JP¥8.43b |
| Total assets | JP¥16.83b |
Recent financial health updates
Is Shigematsu Works (TYO:7980) Using Too Much Debt?
Feb 26
Is Shigematsu Works (TYO:7980) A Risky Investment?
Nov 23Recent updates
Is Shigematsu Works (TYO:7980) Using Too Much Debt?
Feb 26We're Watching These Trends At Shigematsu Works (TYO:7980)
Feb 03
Declining Stock and Decent Financials: Is The Market Wrong About Shigematsu Works Co., Ltd. (TYO:7980)?
Jan 07The Shigematsu Works (TYO:7980) Share Price Is Up 62% And Shareholders Are Holding On
Dec 16Is Shigematsu Works (TYO:7980) A Risky Investment?
Nov 23Financial Position Analysis
Short Term Liabilities: 7980's short term assets (¥9.6B) exceed its short term liabilities (¥5.7B).
Long Term Liabilities: 7980's short term assets (¥9.6B) exceed its long term liabilities (¥2.7B).
Debt to Equity History and Analysis
Debt Level: 7980's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: 7980's debt to equity ratio has reduced from 68.9% to 46.1% over the past 5 years.
Debt Coverage: 7980's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: 7980 earns more interest than it pays, so coverage of interest payments is not a concern.