Hagoromo Foods Balance Sheet Health
Financial Health criteria checks 5/6
Hagoromo Foods has a total shareholder equity of ¥40.1B and total debt of ¥3.5B, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are ¥67.9B and ¥27.7B respectively. Hagoromo Foods's EBIT is ¥2.6B making its interest coverage ratio -9.4. It has cash and short-term investments of ¥2.0B.
Key information
8.7%
Debt to equity ratio
JP¥3.47b
Debt
| Interest coverage ratio | -9.4x |
| Cash | JP¥1.99b |
| Equity | JP¥40.14b |
| Total liabilities | JP¥27.72b |
| Total assets | JP¥67.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2831's short term assets (¥37.8B) exceed its short term liabilities (¥20.9B).
Long Term Liabilities: 2831's short term assets (¥37.8B) exceed its long term liabilities (¥6.8B).
Debt to Equity History and Analysis
Debt Level: 2831's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 2831's debt to equity ratio has increased from 4.3% to 8.7% over the past 5 years.
Debt Coverage: 2831's debt is well covered by operating cash flow (72.1%).
Interest Coverage: 2831 earns more interest than it pays, so coverage of interest payments is not a concern.