Hayashikane SangyoLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hayashikane SangyoLtd has a total shareholder equity of ¥11.1B and total debt of ¥7.5B, which brings its debt-to-equity ratio to 67.6%. Its total assets and total liabilities are ¥29.7B and ¥18.6B respectively. Hayashikane SangyoLtd's EBIT is ¥320.0M making its interest coverage ratio -11.9. It has cash and short-term investments of ¥1.6B.
Key information
67.6%
Debt to equity ratio
JP¥7.53b
Debt
| Interest coverage ratio | -11.9x |
| Cash | JP¥1.56b |
| Equity | JP¥11.13b |
| Total liabilities | JP¥18.61b |
| Total assets | JP¥29.74b |
Financial Position Analysis
Short Term Liabilities: 2286's short term assets (¥16.2B) exceed its short term liabilities (¥13.6B).
Long Term Liabilities: 2286's short term assets (¥16.2B) exceed its long term liabilities (¥5.0B).
Debt to Equity History and Analysis
Debt Level: 2286's net debt to equity ratio (53.6%) is considered high.
Reducing Debt: 2286's debt to equity ratio has reduced from 136.2% to 67.6% over the past 5 years.
Debt Coverage: 2286's debt is well covered by operating cash flow (47.5%).
Interest Coverage: 2286 earns more interest than it pays, so coverage of interest payments is not a concern.