HigashimaruLtd Balance Sheet Health
Financial Health criteria checks 2/6
HigashimaruLtd has a total shareholder equity of ¥5.2B and total debt of ¥6.6B, which brings its debt-to-equity ratio to 126.1%. Its total assets and total liabilities are ¥15.5B and ¥10.3B respectively. HigashimaruLtd's EBIT is ¥54.0M making its interest coverage ratio 2.8. It has cash and short-term investments of ¥1.5B.
Key information
126.1%
Debt to equity ratio
JP¥6.61b
Debt
| Interest coverage ratio | 2.8x |
| Cash | JP¥1.48b |
| Equity | JP¥5.24b |
| Total liabilities | JP¥10.28b |
| Total assets | JP¥15.53b |
Financial Position Analysis
Short Term Liabilities: 2058's short term assets (¥7.7B) exceed its short term liabilities (¥6.1B).
Long Term Liabilities: 2058's short term assets (¥7.7B) exceed its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 2058's net debt to equity ratio (97.9%) is considered high.
Reducing Debt: 2058's debt to equity ratio has increased from 102% to 126.1% over the past 5 years.
Debt Coverage: 2058's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: 2058's interest payments on its debt are not well covered by EBIT (2.8x coverage).