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 ¥870.0M, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are ¥10.1B and ¥2.1B respectively. Asahimatsu Foods's EBIT is ¥176.0M making its interest coverage ratio -8.8. It has cash and short-term investments of ¥2.1B.
Key information
10.9%
Debt to equity ratio
JP¥870.00m
Debt
| Interest coverage ratio | -8.8x |
| Cash | JP¥2.11b |
| Equity | JP¥8.01b |
| Total liabilities | JP¥2.08b |
| Total assets | JP¥10.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2911's short term assets (¥5.1B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 2911's short term assets (¥5.1B) exceed its long term liabilities (¥716.0M).
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 21.3% to 10.9% over the past 5 years.
Debt Coverage: 2911's debt is well covered by operating cash flow (53.1%).
Interest Coverage: 2911 earns more interest than it pays, so coverage of interest payments is not a concern.