Shinyei Kaisha Balance Sheet Health
Financial Health criteria checks 4/6
Shinyei Kaisha has a total shareholder equity of ¥7.6B and total debt of ¥13.7B, which brings its debt-to-equity ratio to 179.5%. Its total assets and total liabilities are ¥26.6B and ¥19.0B respectively. Shinyei Kaisha's EBIT is ¥1.8B making its interest coverage ratio 19.7. It has cash and short-term investments of ¥1.5B.
Key information
179.5%
Debt to equity ratio
JP¥13.66b
Debt
Interest coverage ratio | 19.7x |
Cash | JP¥1.46b |
Equity | JP¥7.61b |
Total liabilities | JP¥18.96b |
Total assets | JP¥26.57b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3004's short term assets (¥16.9B) exceed its short term liabilities (¥13.4B).
Long Term Liabilities: 3004's short term assets (¥16.9B) exceed its long term liabilities (¥5.5B).
Debt to Equity History and Analysis
Debt Level: 3004's net debt to equity ratio (160.3%) is considered high.
Reducing Debt: 3004's debt to equity ratio has reduced from 582.3% to 179.5% over the past 5 years.
Debt Coverage: 3004's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 3004's interest payments on its debt are well covered by EBIT (19.7x coverage).