Wakou Shokuhin Balance Sheet Health
Financial Health criteria checks 6/6
Wakou Shokuhin has a total shareholder equity of ¥7.6B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are ¥13.6B and ¥6.0B respectively. Wakou Shokuhin's EBIT is ¥1.5B making its interest coverage ratio 186.1. It has cash and short-term investments of ¥2.9B.
Key information
29.7%
Debt to equity ratio
JP¥2.26b
Debt
| Interest coverage ratio | 186.1x |
| Cash | JP¥2.95b |
| Equity | JP¥7.61b |
| Total liabilities | JP¥5.96b |
| Total assets | JP¥13.57b |
Recent financial health updates
Does Wakou Shokuhin (TSE:2813) Have A Healthy Balance Sheet?
Mar 22
Wakou Shokuhin (TYO:2813) Has Debt But No Earnings; Should You Worry?
Mar 04Is Wakou Shokuhin (TYO:2813) Using Too Much Debt?
Nov 18
Recent updates
Wakou Shokuhin Co., Ltd.'s (TSE:2813) Shares Climb 38% But Its Business Is Yet to Catch Up
May 21Does Wakou Shokuhin (TSE:2813) Have A Healthy Balance Sheet?
Mar 22Wakou Shokuhin Co., Ltd. (TSE:2813) Shares Fly 48% But Investors Aren't Buying For Growth
Feb 26Should You Buy Wakou Shokuhin Co., Ltd. (TYO:2813) For Its 2.0% Dividend?
Apr 26Wakou Shokuhin (TYO:2813) Has Debt But No Earnings; Should You Worry?
Mar 04Zooming in on TYO:2813's 2.1% Dividend Yield
Jan 10Is Wakou Shokuhin (TYO:2813) Using Too Much Debt?
Nov 18Financial Position Analysis
Short Term Liabilities: 2813's short term assets (¥7.2B) exceed its short term liabilities (¥4.1B).
Long Term Liabilities: 2813's short term assets (¥7.2B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 2813 has more cash than its total debt.
Reducing Debt: 2813's debt to equity ratio has reduced from 43.4% to 29.7% over the past 5 years.
Debt Coverage: 2813's debt is well covered by operating cash flow (70.5%).
Interest Coverage: 2813's interest payments on its debt are well covered by EBIT (186.1x coverage).