Prima Meat Packers Balance Sheet Health
Financial Health criteria checks 6/6
Prima Meat Packers has a total shareholder equity of ¥132.8B and total debt of ¥20.9B, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are ¥242.5B and ¥109.7B respectively. Prima Meat Packers's EBIT is ¥11.2B making its interest coverage ratio -51.7. It has cash and short-term investments of ¥15.8B.
Key information
15.8%
Debt to equity ratio
JP¥20.95b
Debt
| Interest coverage ratio | -51.7x |
| Cash | JP¥15.79b |
| Equity | JP¥132.76b |
| Total liabilities | JP¥109.74b |
| Total assets | JP¥242.50b |
Recent financial health updates
No updates
Recent updates
We Think That There Are Issues Underlying Prima Meat Packers' (TSE:2281) Earnings
Nov 12
Prima Meat Packers' (TSE:2281) Dividend Will Be ¥40.00
Aug 29Prima Meat Packers' (TSE:2281) Dividend Will Be ¥40.00
Jul 25Prima Meat Packers (TSE:2281) Is Due To Pay A Dividend Of ¥40.00
Jul 11Prima Meat Packers (TSE:2281) Is Due To Pay A Dividend Of ¥45.00
Mar 28Prima Meat Packers (TSE:2281) Has Affirmed Its Dividend Of ¥45.00
Feb 27Financial Position Analysis
Short Term Liabilities: 2281's short term assets (¥99.9B) exceed its short term liabilities (¥79.9B).
Long Term Liabilities: 2281's short term assets (¥99.9B) exceed its long term liabilities (¥29.8B).
Debt to Equity History and Analysis
Debt Level: 2281's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: 2281's debt to equity ratio has reduced from 25.4% to 15.8% over the past 5 years.
Debt Coverage: 2281's debt is well covered by operating cash flow (80.2%).
Interest Coverage: 2281 earns more interest than it pays, so coverage of interest payments is not a concern.