Shinobu Foods Products Balance Sheet Health
Financial Health criteria checks 5/6
Shinobu Foods Products has a total shareholder equity of ¥15.6B and total debt of ¥6.8B, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are ¥30.6B and ¥15.0B respectively.
Key information
43.5%
Debt to equity ratio
JP¥6.80b
Debt
| Interest coverage ratio | n/a |
| Cash | JP¥6.52b |
| Equity | JP¥15.63b |
| Total liabilities | JP¥14.96b |
| Total assets | JP¥30.59b |
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 (¥5.0B).
Debt to Equity History and Analysis
Debt Level: 2903's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 2903's debt to equity ratio has reduced from 75.3% to 43.5% over the past 5 years.
Debt Coverage: 2903's debt is well covered by operating cash flow (44.8%).
Interest Coverage: Insufficient data to determine if 2903's interest payments on its debt are well covered by EBIT.