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 ¥29.0B and ¥18.0B respectively. Hayashikane SangyoLtd's EBIT is ¥699.0M making its interest coverage ratio -28. It has cash and short-term investments of ¥2.5B.
Key information
67.6%
Debt to equity ratio
JP¥7.50b
Debt
Interest coverage ratio | -28x |
Cash | JP¥2.51b |
Equity | JP¥11.09b |
Total liabilities | JP¥17.95b |
Total assets | JP¥29.04b |
Financial Position Analysis
Short Term Liabilities: 2286's short term assets (¥15.7B) exceed its short term liabilities (¥12.9B).
Long Term Liabilities: 2286's short term assets (¥15.7B) exceed its long term liabilities (¥5.1B).
Debt to Equity History and Analysis
Debt Level: 2286's net debt to equity ratio (45%) is considered high.
Reducing Debt: 2286's debt to equity ratio has reduced from 129.3% to 67.6% over the past 5 years.
Debt Coverage: 2286's debt is well covered by operating cash flow (47.7%).
Interest Coverage: 2286 earns more interest than it pays, so coverage of interest payments is not a concern.