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 ¥8.6B, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are ¥31.8B and ¥20.7B respectively. Hayashikane SangyoLtd's EBIT is ¥996.0M making its interest coverage ratio -83. It has cash and short-term investments of ¥1.7B.
Key information
77.5%
Debt to equity ratio
JP¥8.63b
Debt
Interest coverage ratio | -83x |
Cash | JP¥1.68b |
Equity | JP¥11.13b |
Total liabilities | JP¥20.65b |
Total assets | JP¥31.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2286's short term assets (¥18.6B) exceed its short term liabilities (¥15.5B).
Long Term Liabilities: 2286's short term assets (¥18.6B) exceed its long term liabilities (¥5.2B).
Debt to Equity History and Analysis
Debt Level: 2286's net debt to equity ratio (62.4%) is considered high.
Reducing Debt: 2286's debt to equity ratio has reduced from 145.9% to 77.5% over the past 5 years.
Debt Coverage: 2286's debt is well covered by operating cash flow (32.2%).
Interest Coverage: 2286 earns more interest than it pays, so coverage of interest payments is not a concern.