Asaka Industrial Balance Sheet Health
Financial Health criteria checks 5/6
Asaka Industrial has a total shareholder equity of ¥3.9B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are ¥7.7B and ¥3.8B respectively. Asaka Industrial's EBIT is ¥327.0M making its interest coverage ratio -27.3. It has cash and short-term investments of ¥1.0B.
Key information
27.4%
Debt to equity ratio
JP¥1.06b
Debt
Interest coverage ratio | -27.3x |
Cash | JP¥1.03b |
Equity | JP¥3.86b |
Total liabilities | JP¥3.85b |
Total assets | JP¥7.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5962's short term assets (¥5.9B) exceed its short term liabilities (¥3.4B).
Long Term Liabilities: 5962's short term assets (¥5.9B) exceed its long term liabilities (¥463.0M).
Debt to Equity History and Analysis
Debt Level: 5962's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: 5962's debt to equity ratio has reduced from 36.5% to 27.4% over the past 5 years.
Debt Coverage: 5962's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5962 earns more interest than it pays, so coverage of interest payments is not a concern.