Solasto Balance Sheet Health
Financial Health criteria checks 3/6
Solasto has a total shareholder equity of ¥21.5B and total debt of ¥22.3B, which brings its debt-to-equity ratio to 103.7%. Its total assets and total liabilities are ¥70.5B and ¥49.0B respectively. Solasto's EBIT is ¥6.7B making its interest coverage ratio 22.6. It has cash and short-term investments of ¥12.3B.
Key information
103.7%
Debt to equity ratio
JP¥22.33b
Debt
| Interest coverage ratio | 22.6x |
| Cash | JP¥12.31b |
| Equity | JP¥21.53b |
| Total liabilities | JP¥48.97b |
| Total assets | JP¥70.50b |
Recent financial health updates
No updates
Recent updates
Investors Can Find Comfort In Solasto's (TSE:6197) Earnings Quality
Nov 19
Here's What Analysts Are Forecasting For Solasto Corporation (TSE:6197) After Its Interim Results
Nov 14Why Investors Shouldn't Be Surprised By Solasto Corporation's (TSE:6197) 29% Share Price Surge
Sep 04Solasto (TSE:6197) Will Pay A Dividend Of ¥10.00
Aug 13There May Be Reason For Hope In Solasto's (TSE:6197) Disappointing Earnings
May 21Financial Position Analysis
Short Term Liabilities: 6197's short term assets (¥30.2B) exceed its short term liabilities (¥21.7B).
Long Term Liabilities: 6197's short term assets (¥30.2B) exceed its long term liabilities (¥27.3B).
Debt to Equity History and Analysis
Debt Level: 6197's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: 6197's debt to equity ratio has increased from 90.6% to 103.7% over the past 5 years.
Debt Coverage: 6197's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: 6197's interest payments on its debt are well covered by EBIT (22.6x coverage).