Takizawa Ham Balance Sheet Health
Financial Health criteria checks 3/6
Takizawa Ham has a total shareholder equity of ¥3.9B and total debt of ¥4.6B, which brings its debt-to-equity ratio to 116.8%. Its total assets and total liabilities are ¥15.1B and ¥11.2B respectively. Takizawa Ham's EBIT is ¥112.0M making its interest coverage ratio 11.2. It has cash and short-term investments of ¥2.3B.
Key information
116.8%
Debt to equity ratio
JP¥4.56b
Debt
Interest coverage ratio | 11.2x |
Cash | JP¥2.34b |
Equity | JP¥3.90b |
Total liabilities | JP¥11.24b |
Total assets | JP¥15.15b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2293's short term assets (¥8.8B) exceed its short term liabilities (¥8.8B).
Long Term Liabilities: 2293's short term assets (¥8.8B) exceed its long term liabilities (¥2.5B).
Debt to Equity History and Analysis
Debt Level: 2293's net debt to equity ratio (56.9%) is considered high.
Reducing Debt: 2293's debt to equity ratio has increased from 113.8% to 116.8% over the past 5 years.
Debt Coverage: 2293's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: 2293's interest payments on its debt are well covered by EBIT (11.2x coverage).