ROYAL HOLDINGS Balance Sheet Health
Financial Health criteria checks 4/6
ROYAL HOLDINGS has a total shareholder equity of ¥48.5B and total debt of ¥24.0B, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are ¥124.4B and ¥75.9B respectively. ROYAL HOLDINGS's EBIT is ¥6.7B making its interest coverage ratio 6.3. It has cash and short-term investments of ¥22.6B.
Key information
49.5%
Debt to equity ratio
JP¥24.03b
Debt
| Interest coverage ratio | 6.3x |
| Cash | JP¥22.62b |
| Equity | JP¥48.50b |
| Total liabilities | JP¥75.90b |
| Total assets | JP¥124.40b |
Financial Position Analysis
Short Term Liabilities: 8179's short term assets (¥36.0B) exceed its short term liabilities (¥27.2B).
Long Term Liabilities: 8179's short term assets (¥36.0B) do not cover its long term liabilities (¥48.7B).
Debt to Equity History and Analysis
Debt Level: 8179's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: 8179's debt to equity ratio has increased from 6.6% to 49.5% over the past 5 years.
Debt Coverage: 8179's debt is well covered by operating cash flow (47.2%).
Interest Coverage: 8179's interest payments on its debt are well covered by EBIT (6.3x coverage).