Sato Foods Balance Sheet Health
Financial Health criteria checks 4/6
Sato Foods has a total shareholder equity of ¥20.7B and total debt of ¥16.5B, which brings its debt-to-equity ratio to 79.6%. Its total assets and total liabilities are ¥46.7B and ¥26.0B respectively. Sato Foods's EBIT is ¥3.2B making its interest coverage ratio 269.1. It has cash and short-term investments of ¥2.2B.
Key information
79.6%
Debt to equity ratio
JP¥16.47b
Debt
Interest coverage ratio | 269.1x |
Cash | JP¥2.17b |
Equity | JP¥20.68b |
Total liabilities | JP¥26.04b |
Total assets | JP¥46.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2923's short term assets (¥24.4B) exceed its short term liabilities (¥14.8B).
Long Term Liabilities: 2923's short term assets (¥24.4B) exceed its long term liabilities (¥11.3B).
Debt to Equity History and Analysis
Debt Level: 2923's net debt to equity ratio (69.2%) is considered high.
Reducing Debt: 2923's debt to equity ratio has reduced from 92.2% to 79.6% over the past 5 years.
Debt Coverage: 2923's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: 2923's interest payments on its debt are well covered by EBIT (269.1x coverage).