Prima Meat Packers Balance Sheet Health
Financial Health criteria checks 6/6
Prima Meat Packers has a total shareholder equity of ¥128.6B and total debt of ¥20.9B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are ¥251.5B and ¥122.9B respectively. Prima Meat Packers's EBIT is ¥11.3B making its interest coverage ratio -269.3. It has cash and short-term investments of ¥15.1B.
Key information
16.3%
Debt to equity ratio
JP¥20.91b
Debt
| Interest coverage ratio | -269.3x |
| Cash | JP¥15.06b |
| Equity | JP¥128.56b |
| Total liabilities | JP¥122.93b |
| Total assets | JP¥251.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2281's short term assets (¥110.3B) exceed its short term liabilities (¥93.0B).
Long Term Liabilities: 2281's short term assets (¥110.3B) exceed its long term liabilities (¥29.9B).
Debt to Equity History and Analysis
Debt Level: 2281's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 2281's debt to equity ratio has reduced from 31.1% to 16.3% over the past 5 years.
Debt Coverage: 2281's debt is well covered by operating cash flow (96.7%).
Interest Coverage: 2281 earns more interest than it pays, so coverage of interest payments is not a concern.