HigashimaruLtd Balance Sheet Health
Financial Health criteria checks 3/6
HigashimaruLtd has a total shareholder equity of ¥5.2B and total debt of ¥6.8B, which brings its debt-to-equity ratio to 130.2%. Its total assets and total liabilities are ¥15.4B and ¥10.2B respectively. HigashimaruLtd's EBIT is ¥166.0M making its interest coverage ratio 7.2. It has cash and short-term investments of ¥1.5B.
Key information
130.2%
Debt to equity ratio
JP¥6.83b
Debt
| Interest coverage ratio | 7.2x |
| Cash | JP¥1.48b |
| Equity | JP¥5.25b |
| Total liabilities | JP¥10.17b |
| Total assets | JP¥15.42b |
Financial Position Analysis
Short Term Liabilities: 2058's short term assets (¥7.8B) exceed its short term liabilities (¥6.7B).
Long Term Liabilities: 2058's short term assets (¥7.8B) exceed its long term liabilities (¥3.5B).
Debt to Equity History and Analysis
Debt Level: 2058's net debt to equity ratio (102.1%) is considered high.
Reducing Debt: 2058's debt to equity ratio has increased from 105.4% to 130.2% over the past 5 years.
Debt Coverage: 2058's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2058's interest payments on its debt are well covered by EBIT (7.2x coverage).