Shigematsu Works Balance Sheet Health
Financial Health criteria checks 6/6
Shigematsu Works has a total shareholder equity of ¥8.3B and total debt of ¥3.1B, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are ¥16.1B and ¥7.8B respectively. Shigematsu Works's EBIT is ¥785.0M making its interest coverage ratio -78.5. It has cash and short-term investments of ¥1.6B.
Key information
37.6%
Debt to equity ratio
JP¥3.11b
Debt
Interest coverage ratio | -78.5x |
Cash | JP¥1.63b |
Equity | JP¥8.28b |
Total liabilities | JP¥7.81b |
Total assets | JP¥16.10b |
Recent financial health updates
Is Shigematsu Works (TYO:7980) Using Too Much Debt?
Feb 26Is 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 03Declining 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 (¥9.3B) exceed its short term liabilities (¥4.8B).
Long Term Liabilities: 7980's short term assets (¥9.3B) exceed its long term liabilities (¥3.0B).
Debt to Equity History and Analysis
Debt Level: 7980's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: 7980's debt to equity ratio has reduced from 65.3% to 37.6% over the past 5 years.
Debt Coverage: 7980's debt is well covered by operating cash flow (24.9%).
Interest Coverage: 7980 earns more interest than it pays, so coverage of interest payments is not a concern.