Sagami Rubber Industries Balance Sheet Health
Financial Health criteria checks 3/6
Sagami Rubber Industries has a total shareholder equity of ¥10.4B and total debt of ¥5.8B, which brings its debt-to-equity ratio to 55.7%. Its total assets and total liabilities are ¥18.1B and ¥7.7B respectively. Sagami Rubber Industries's EBIT is ¥360.0M making its interest coverage ratio 3.3. It has cash and short-term investments of ¥1.2B.
Key information
55.7%
Debt to equity ratio
JP¥5.79b
Debt
| Interest coverage ratio | 3.3x |
| Cash | JP¥1.16b |
| Equity | JP¥10.39b |
| Total liabilities | JP¥7.71b |
| Total assets | JP¥18.10b |
Financial Position Analysis
Short Term Liabilities: 5194's short term assets (¥5.9B) do not cover its short term liabilities (¥6.9B).
Long Term Liabilities: 5194's short term assets (¥5.9B) exceed its long term liabilities (¥844.0M).
Debt to Equity History and Analysis
Debt Level: 5194's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: 5194's debt to equity ratio has reduced from 92.1% to 55.7% over the past 5 years.
Debt Coverage: 5194's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: 5194's interest payments on its debt are well covered by EBIT (3.3x coverage).