Horiifoodservice Balance Sheet Health
Financial Health criteria checks 3/6
Horiifoodservice has a total shareholder equity of ¥253.0M and total debt of ¥1.7B, which brings its debt-to-equity ratio to 653%. Its total assets and total liabilities are ¥2.7B and ¥2.5B respectively. Horiifoodservice's EBIT is ¥110.0M making its interest coverage ratio 18.3. It has cash and short-term investments of ¥1.6B.
Key information
653.0%
Debt to equity ratio
JP¥1.65b
Debt
| Interest coverage ratio | 18.3x |
| Cash | JP¥1.60b |
| Equity | JP¥253.00m |
| Total liabilities | JP¥2.46b |
| Total assets | JP¥2.72b |
Financial Position Analysis
Short Term Liabilities: 3077's short term assets (¥1.9B) do not cover its short term liabilities (¥2.0B).
Long Term Liabilities: 3077's short term assets (¥1.9B) exceed its long term liabilities (¥452.0M).
Debt to Equity History and Analysis
Debt Level: 3077's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: 3077's debt to equity ratio has increased from 0% to 653% over the past 5 years.
Debt Coverage: 3077's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: 3077's interest payments on its debt are well covered by EBIT (18.3x coverage).