Sato Foods Balance Sheet Health
Financial Health criteria checks 4/6
Sato Foods has a total shareholder equity of ¥20.5B and total debt of ¥16.9B, which brings its debt-to-equity ratio to 82.7%. Its total assets and total liabilities are ¥43.1B and ¥22.7B respectively. Sato Foods's EBIT is ¥2.6B making its interest coverage ratio 260.6. It has cash and short-term investments of ¥1.4B.
Key information
82.7%
Debt to equity ratio
JP¥16.93b
Debt
| Interest coverage ratio | 260.6x |
| Cash | JP¥1.40b |
| Equity | JP¥20.49b |
| Total liabilities | JP¥22.66b |
| Total assets | JP¥43.14b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2923's short term assets (¥20.2B) exceed its short term liabilities (¥10.9B).
Long Term Liabilities: 2923's short term assets (¥20.2B) exceed its long term liabilities (¥11.8B).
Debt to Equity History and Analysis
Debt Level: 2923's net debt to equity ratio (75.8%) is considered high.
Reducing Debt: 2923's debt to equity ratio has reduced from 100.2% to 82.7% over the past 5 years.
Debt Coverage: 2923's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 2923's interest payments on its debt are well covered by EBIT (260.6x coverage).