First Baking Balance Sheet Health
Financial Health criteria checks 3/6
First Baking has a total shareholder equity of ¥6.2B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are ¥17.7B and ¥11.5B respectively. First Baking's EBIT is ¥598.0M making its interest coverage ratio 24.9. It has cash and short-term investments of ¥3.1B.
Key information
61.9%
Debt to equity ratio
JP¥3.84b
Debt
Interest coverage ratio | 24.9x |
Cash | JP¥3.06b |
Equity | JP¥6.21b |
Total liabilities | JP¥11.52b |
Total assets | JP¥17.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2215's short term assets (¥7.4B) do not cover its short term liabilities (¥7.6B).
Long Term Liabilities: 2215's short term assets (¥7.4B) exceed its long term liabilities (¥3.9B).
Debt to Equity History and Analysis
Debt Level: 2215's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 2215's debt to equity ratio has increased from 44.1% to 61.9% over the past 5 years.
Debt Coverage: 2215's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: 2215's interest payments on its debt are well covered by EBIT (24.9x coverage).