Japan Foods Balance Sheet Health
Financial Health criteria checks 3/6
Japan Foods has a total shareholder equity of ¥8.4B and total debt of ¥8.7B, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are ¥21.3B and ¥12.8B respectively. Japan Foods's EBIT is ¥1.2B making its interest coverage ratio 17.2. It has cash and short-term investments of ¥1.9B.
Key information
102.5%
Debt to equity ratio
JP¥8.66b
Debt
Interest coverage ratio | 17.2x |
Cash | JP¥1.95b |
Equity | JP¥8.45b |
Total liabilities | JP¥12.82b |
Total assets | JP¥21.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2599's short term assets (¥5.0B) exceed its short term liabilities (¥4.2B).
Long Term Liabilities: 2599's short term assets (¥5.0B) do not cover its long term liabilities (¥8.6B).
Debt to Equity History and Analysis
Debt Level: 2599's net debt to equity ratio (79.4%) is considered high.
Reducing Debt: 2599's debt to equity ratio has increased from 83.6% to 102.5% over the past 5 years.
Debt Coverage: 2599's debt is well covered by operating cash flow (28.6%).
Interest Coverage: 2599's interest payments on its debt are well covered by EBIT (17.2x coverage).