Hagoromo Foods Corporation

TSE:2831 Stock Report

Market Cap: JP¥29.1b

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
CashJP¥1.99b
EquityJP¥40.14b
Total liabilitiesJP¥27.72b
Total assetsJP¥67.86b

Recent financial health updates

No updates

Recent updates

We Think That There Are Issues Underlying Hagoromo Foods' (TSE:2831) Earnings

May 21
We Think That There Are Issues Underlying Hagoromo Foods' (TSE:2831) Earnings

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.


Balance Sheet


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