Asaka Industrial Balance Sheet Health
Financial Health criteria checks 5/6
Asaka Industrial has a total shareholder equity of ¥4.1B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are ¥7.9B and ¥3.8B respectively. Asaka Industrial's EBIT is ¥376.0M making its interest coverage ratio -25.1. It has cash and short-term investments of ¥1.3B.
Key information
26.6%
Debt to equity ratio
JP¥1.08b
Debt
| Interest coverage ratio | -25.1x |
| Cash | JP¥1.34b |
| Equity | JP¥4.06b |
| Total liabilities | JP¥3.79b |
| Total assets | JP¥7.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5962's short term assets (¥5.7B) exceed its short term liabilities (¥3.2B).
Long Term Liabilities: 5962's short term assets (¥5.7B) exceed its long term liabilities (¥548.0M).
Debt to Equity History and Analysis
Debt Level: 5962 has more cash than its total debt.
Reducing Debt: 5962's debt to equity ratio has reduced from 33.5% to 26.6% over the past 5 years.
Debt Coverage: 5962's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: 5962 earns more interest than it pays, so coverage of interest payments is not a concern.