Shinobu Foods Products Balance Sheet Health
Financial Health criteria checks 6/6
Shinobu Foods Products has a total shareholder equity of ¥15.0B and total debt of ¥7.3B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are ¥30.4B and ¥15.5B respectively. Shinobu Foods Products's EBIT is ¥2.4B making its interest coverage ratio 2370. It has cash and short-term investments of ¥7.0B.
Key information
48.5%
Debt to equity ratio
JP¥7.26b
Debt
Interest coverage ratio | 2370x |
Cash | JP¥6.98b |
Equity | JP¥14.96b |
Total liabilities | JP¥15.48b |
Total assets | JP¥30.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2903's short term assets (¥13.3B) exceed its short term liabilities (¥10.0B).
Long Term Liabilities: 2903's short term assets (¥13.3B) exceed its long term liabilities (¥5.5B).
Debt to Equity History and Analysis
Debt Level: 2903's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 2903's debt to equity ratio has reduced from 72.8% to 48.5% over the past 5 years.
Debt Coverage: 2903's debt is well covered by operating cash flow (50.5%).
Interest Coverage: 2903's interest payments on its debt are well covered by EBIT (2370x coverage).