Showa Sangyo Balance Sheet Health
Financial Health criteria checks 5/6
Showa Sangyo has a total shareholder equity of ¥127.6B and total debt of ¥57.9B, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are ¥262.9B and ¥135.3B respectively. Showa Sangyo's EBIT is ¥10.9B making its interest coverage ratio -20.1. It has cash and short-term investments of ¥7.8B.
Key information
45.3%
Debt to equity ratio
JP¥57.88b
Debt
Interest coverage ratio | -20.1x |
Cash | JP¥7.80b |
Equity | JP¥127.65b |
Total liabilities | JP ¥135.27b |
Total assets | JP¥262.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2004's short term assets (¥128.6B) exceed its short term liabilities (¥91.3B).
Long Term Liabilities: 2004's short term assets (¥128.6B) exceed its long term liabilities (¥43.9B).
Debt to Equity History and Analysis
Debt Level: 2004's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: 2004's debt to equity ratio has increased from 38.3% to 45.3% over the past 5 years.
Debt Coverage: 2004's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 2004 earns more interest than it pays, so coverage of interest payments is not a concern.