Asax Balance Sheet Health
Financial Health criteria checks 3/6
Asax has a total shareholder equity of ¥46.3B and total debt of ¥60.5B, which brings its debt-to-equity ratio to 130.7%. Its total assets and total liabilities are ¥109.5B and ¥63.2B respectively. Asax's EBIT is ¥4.7B making its interest coverage ratio 2373.5. It has cash and short-term investments of ¥5.5B.
Key information
130.7%
Debt to equity ratio
JP¥60.55b
Debt
Interest coverage ratio | 2373.5x |
Cash | JP¥5.47b |
Equity | JP¥46.33b |
Total liabilities | JP¥63.22b |
Total assets | JP¥109.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8772's short term assets (¥101.6B) exceed its short term liabilities (¥18.4B).
Long Term Liabilities: 8772's short term assets (¥101.6B) exceed its long term liabilities (¥44.8B).
Debt to Equity History and Analysis
Debt Level: 8772's net debt to equity ratio (118.9%) is considered high.
Reducing Debt: 8772's debt to equity ratio has increased from 97.4% to 130.7% over the past 5 years.
Debt Coverage: 8772's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8772's interest payments on its debt are well covered by EBIT (2373.5x coverage).