Shokubun Balance Sheet Health
Financial Health criteria checks 5/6
Shokubun has a total shareholder equity of ¥2.5B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are ¥5.6B and ¥3.1B respectively. Shokubun's EBIT is ¥90.0M making its interest coverage ratio 6.4. It has cash and short-term investments of ¥1.8B.
Key information
73.6%
Debt to equity ratio
JP¥1.85b
Debt
Interest coverage ratio | 6.4x |
Cash | JP¥1.80b |
Equity | JP¥2.51b |
Total liabilities | JP¥3.13b |
Total assets | JP¥5.64b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9969's short term assets (¥2.2B) exceed its short term liabilities (¥2.0B).
Long Term Liabilities: 9969's short term assets (¥2.2B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 9969's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: 9969's debt to equity ratio has reduced from 646.4% to 73.6% over the past 5 years.
Debt Coverage: 9969's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: 9969's interest payments on its debt are well covered by EBIT (6.4x coverage).