Horiifoodservice Balance Sheet Health
Financial Health criteria checks 3/6
Horiifoodservice has a total shareholder equity of ¥228.0M and total debt of ¥1.5B, which brings its debt-to-equity ratio to 657.9%. Its total assets and total liabilities are ¥2.6B and ¥2.3B respectively. Horiifoodservice's EBIT is ¥70.0M making its interest coverage ratio 10. It has cash and short-term investments of ¥1.5B.
Key information
657.9%
Debt to equity ratio
JP¥1.50b
Debt
| Interest coverage ratio | 10x |
| Cash | JP¥1.49b |
| Equity | JP¥228.00m |
| Total liabilities | JP¥2.35b |
| Total assets | JP¥2.58b |
Financial Position Analysis
Short Term Liabilities: 3077's short term assets (¥1.8B) do not cover its short term liabilities (¥2.0B).
Long Term Liabilities: 3077's short term assets (¥1.8B) exceed its long term liabilities (¥316.0M).
Debt to Equity History and Analysis
Debt Level: 3077's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: 3077's debt to equity ratio has increased from 0% to 657.9% over the past 5 years.
Debt Coverage: 3077's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: 3077's interest payments on its debt are well covered by EBIT (10x coverage).