Asahimatsu Foods Balance Sheet Health
Financial Health criteria checks 6/6
Asahimatsu Foods has a total shareholder equity of ¥8.0B and total debt of ¥652.0M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are ¥9.9B and ¥2.0B respectively. Asahimatsu Foods's EBIT is ¥206.0M making its interest coverage ratio -10.8. It has cash and short-term investments of ¥2.1B.
Key information
8.2%
Debt to equity ratio
JP¥652.00m
Debt
Interest coverage ratio | -10.8x |
Cash | JP¥2.07b |
Equity | JP¥7.97b |
Total liabilities | JP¥1.97b |
Total assets | JP¥9.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2911's short term assets (¥4.8B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 2911's short term assets (¥4.8B) exceed its long term liabilities (¥594.0M).
Debt to Equity History and Analysis
Debt Level: 2911 has more cash than its total debt.
Reducing Debt: 2911's debt to equity ratio has reduced from 24.9% to 8.2% over the past 5 years.
Debt Coverage: 2911's debt is well covered by operating cash flow (111.8%).
Interest Coverage: 2911 earns more interest than it pays, so coverage of interest payments is not a concern.