Showa Sangyo Balance Sheet Health
Financial Health criteria checks 5/6
Showa Sangyo has a total shareholder equity of ¥134.9B and total debt of ¥54.5B, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are ¥262.6B and ¥127.7B respectively. Showa Sangyo's EBIT is ¥13.8B making its interest coverage ratio -31.8. It has cash and short-term investments of ¥7.1B.
Key information
40.4%
Debt to equity ratio
JP¥54.53b
Debt
| Interest coverage ratio | -31.8x |
| Cash | JP¥7.12b |
| Equity | JP¥134.87b |
| Total liabilities | JP¥127.75b |
| Total assets | JP¥262.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2004's short term assets (¥121.5B) exceed its short term liabilities (¥81.2B).
Long Term Liabilities: 2004's short term assets (¥121.5B) exceed its long term liabilities (¥46.6B).
Debt to Equity History and Analysis
Debt Level: 2004's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: 2004's debt to equity ratio has increased from 36% to 40.4% over the past 5 years.
Debt Coverage: 2004's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 2004 earns more interest than it pays, so coverage of interest payments is not a concern.