Hagoromo Foods Balance Sheet Health
Financial Health criteria checks 4/6
Hagoromo Foods has a total shareholder equity of ¥37.4B and total debt of ¥3.9B, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are ¥65.6B and ¥28.1B respectively. Hagoromo Foods's EBIT is ¥1.4B making its interest coverage ratio -5.7. It has cash and short-term investments of ¥883.0M.
Key information
10.4%
Debt to equity ratio
JP¥3.88b
Debt
Interest coverage ratio | -5.7x |
Cash | JP¥883.00m |
Equity | JP¥37.44b |
Total liabilities | JP¥28.11b |
Total assets | JP¥65.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2831's short term assets (¥37.2B) exceed its short term liabilities (¥21.7B).
Long Term Liabilities: 2831's short term assets (¥37.2B) exceed its long term liabilities (¥6.5B).
Debt to Equity History and Analysis
Debt Level: 2831's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: 2831's debt to equity ratio has increased from 0% to 10.4% over the past 5 years.
Debt Coverage: 2831's debt is not well covered by operating cash flow (9%).
Interest Coverage: 2831 earns more interest than it pays, so coverage of interest payments is not a concern.