Shinyei Kaisha Balance Sheet Health
Financial Health criteria checks 4/6
Shinyei Kaisha has a total shareholder equity of ¥7.7B and total debt of ¥12.8B, which brings its debt-to-equity ratio to 166.7%. Its total assets and total liabilities are ¥25.3B and ¥17.7B respectively. Shinyei Kaisha's EBIT is ¥1.4B making its interest coverage ratio 20. It has cash and short-term investments of ¥1.2B.
Key information
166.7%
Debt to equity ratio
JP¥12.78b
Debt
| Interest coverage ratio | 20x |
| Cash | JP¥1.21b |
| Equity | JP¥7.67b |
| Total liabilities | JP¥17.67b |
| Total assets | JP¥25.34b |
Financial Position Analysis
Short Term Liabilities: 3004's short term assets (¥16.0B) exceed its short term liabilities (¥11.3B).
Long Term Liabilities: 3004's short term assets (¥16.0B) exceed its long term liabilities (¥6.4B).
Debt to Equity History and Analysis
Debt Level: 3004's net debt to equity ratio (150.9%) is considered high.
Reducing Debt: 3004's debt to equity ratio has reduced from 765% to 166.7% over the past 5 years.
Debt Coverage: 3004's debt is not well covered by operating cash flow (17%).
Interest Coverage: 3004's interest payments on its debt are well covered by EBIT (20x coverage).