Ship Healthcare Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Ship Healthcare Holdings has a total shareholder equity of ¥135.9B and total debt of ¥55.2B, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are ¥370.3B and ¥234.3B respectively. Ship Healthcare Holdings's EBIT is ¥22.9B making its interest coverage ratio -169.3. It has cash and short-term investments of ¥81.3B.
Key information
40.6%
Debt to equity ratio
JP¥55.21b
Debt
Interest coverage ratio | -169.3x |
Cash | JP¥81.28b |
Equity | JP¥135.95b |
Total liabilities | JP¥234.33b |
Total assets | JP¥370.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3360's short term assets (¥249.7B) exceed its short term liabilities (¥182.9B).
Long Term Liabilities: 3360's short term assets (¥249.7B) exceed its long term liabilities (¥51.5B).
Debt to Equity History and Analysis
Debt Level: 3360 has more cash than its total debt.
Reducing Debt: 3360's debt to equity ratio has reduced from 73.7% to 40.6% over the past 5 years.
Debt Coverage: 3360's debt is well covered by operating cash flow (41.1%).
Interest Coverage: 3360 earns more interest than it pays, so coverage of interest payments is not a concern.