Foster Electric Company Balance Sheet Health
Financial Health criteria checks 6/6
Foster Electric Company has a total shareholder equity of ¥62.6B and total debt of ¥15.4B, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are ¥101.4B and ¥38.8B respectively. Foster Electric Company's EBIT is ¥5.6B making its interest coverage ratio 11.5. It has cash and short-term investments of ¥19.1B.
Key information
24.6%
Debt to equity ratio
JP¥15.40b
Debt
Interest coverage ratio | 11.5x |
Cash | JP¥19.08b |
Equity | JP¥62.61b |
Total liabilities | JP¥38.75b |
Total assets | JP¥101.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6794's short term assets (¥77.9B) exceed its short term liabilities (¥33.0B).
Long Term Liabilities: 6794's short term assets (¥77.9B) exceed its long term liabilities (¥5.8B).
Debt to Equity History and Analysis
Debt Level: 6794 has more cash than its total debt.
Reducing Debt: 6794's debt to equity ratio has reduced from 25.9% to 24.6% over the past 5 years.
Debt Coverage: 6794's debt is well covered by operating cash flow (109.4%).
Interest Coverage: 6794's interest payments on its debt are well covered by EBIT (11.5x coverage).