Hagoromo Foods Balance Sheet Health
Financial Health criteria checks 5/6
Hagoromo Foods has a total shareholder equity of ¥40.4B and total debt of ¥3.6B, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are ¥68.7B and ¥28.3B respectively. Hagoromo Foods's EBIT is ¥2.4B making its interest coverage ratio -8.7. It has cash and short-term investments of ¥778.0M.
Key information
9.0%
Debt to equity ratio
JP¥3.64b
Debt
| Interest coverage ratio | -8.7x |
| Cash | JP¥778.00m |
| Equity | JP¥40.40b |
| Total liabilities | JP¥28.30b |
| Total assets | JP¥68.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2831's short term assets (¥37.4B) exceed its short term liabilities (¥20.8B).
Long Term Liabilities: 2831's short term assets (¥37.4B) exceed its long term liabilities (¥7.5B).
Debt to Equity History and Analysis
Debt Level: 2831's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: 2831's debt to equity ratio has increased from 0% to 9% over the past 5 years.
Debt Coverage: 2831's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 2831 earns more interest than it pays, so coverage of interest payments is not a concern.