Shoei Foods Balance Sheet Health
Financial Health criteria checks 6/6
Shoei Foods has a total shareholder equity of ¥51.5B and total debt of ¥18.9B, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are ¥89.1B and ¥37.6B respectively. Shoei Foods's EBIT is ¥4.5B making its interest coverage ratio 349.7. It has cash and short-term investments of ¥9.2B.
Key information
36.7%
Debt to equity ratio
JP¥18.88b
Debt
Interest coverage ratio | 349.7x |
Cash | JP¥9.23b |
Equity | JP¥51.49b |
Total liabilities | JP¥37.63b |
Total assets | JP¥89.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8079's short term assets (¥58.4B) exceed its short term liabilities (¥29.3B).
Long Term Liabilities: 8079's short term assets (¥58.4B) exceed its long term liabilities (¥8.3B).
Debt to Equity History and Analysis
Debt Level: 8079's net debt to equity ratio (18.7%) is considered satisfactory.
Reducing Debt: 8079's debt to equity ratio has reduced from 48.9% to 36.7% over the past 5 years.
Debt Coverage: 8079's debt is well covered by operating cash flow (33.5%).
Interest Coverage: 8079's interest payments on its debt are well covered by EBIT (349.7x coverage).