Sato Foods Balance Sheet Health
Financial Health criteria checks 4/6
Sato Foods has a total shareholder equity of ¥20.6B and total debt of ¥15.7B, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are ¥43.7B and ¥23.2B respectively. Sato Foods's EBIT is ¥2.7B making its interest coverage ratio 221.4. It has cash and short-term investments of ¥2.7B.
Key information
76.2%
Debt to equity ratio
JP¥15.68b
Debt
| Interest coverage ratio | 221.4x |
| Cash | JP¥2.67b |
| Equity | JP¥20.59b |
| Total liabilities | JP¥23.15b |
| Total assets | JP¥43.74b |
Financial Position Analysis
Short Term Liabilities: 2923's short term assets (¥20.5B) exceed its short term liabilities (¥10.5B).
Long Term Liabilities: 2923's short term assets (¥20.5B) exceed its long term liabilities (¥12.6B).
Debt to Equity History and Analysis
Debt Level: 2923's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: 2923's debt to equity ratio has reduced from 77.4% to 76.2% over the past 5 years.
Debt Coverage: 2923's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: 2923's interest payments on its debt are well covered by EBIT (221.4x coverage).