House Foods Group Balance Sheet Health
Financial Health criteria checks 6/6
House Foods Group has a total shareholder equity of ¥323.9B and total debt of ¥6.4B, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ¥428.6B and ¥104.7B respectively. House Foods Group's EBIT is ¥19.0B making its interest coverage ratio -21.2. It has cash and short-term investments of ¥71.6B.
Key information
2.0%
Debt to equity ratio
JP¥6.38b
Debt
Interest coverage ratio | -21.2x |
Cash | JP¥71.63b |
Equity | JP¥323.91b |
Total liabilities | JP¥104.73b |
Total assets | JP¥428.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2810's short term assets (¥169.8B) exceed its short term liabilities (¥62.4B).
Long Term Liabilities: 2810's short term assets (¥169.8B) exceed its long term liabilities (¥42.4B).
Debt to Equity History and Analysis
Debt Level: 2810 has more cash than its total debt.
Reducing Debt: 2810's debt to equity ratio has reduced from 2.4% to 2% over the past 5 years.
Debt Coverage: 2810's debt is well covered by operating cash flow (316.2%).
Interest Coverage: 2810 earns more interest than it pays, so coverage of interest payments is not a concern.