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 ¥6.1B, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are ¥18.2B and ¥7.8B respectively. Sagami Rubber Industries's EBIT is ¥392.0M making its interest coverage ratio 3.8. It has cash and short-term investments of ¥1.1B.
Key information
58.9%
Debt to equity ratio
JP¥6.12b
Debt
Interest coverage ratio | 3.8x |
Cash | JP¥1.14b |
Equity | JP¥10.39b |
Total liabilities | JP¥7.83b |
Total assets | JP¥18.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5194's short term assets (¥5.9B) do not cover its short term liabilities (¥6.8B).
Long Term Liabilities: 5194's short term assets (¥5.9B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 5194's net debt to equity ratio (47.9%) is considered high.
Reducing Debt: 5194's debt to equity ratio has reduced from 89.8% to 58.9% over the past 5 years.
Debt Coverage: 5194's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 5194's interest payments on its debt are well covered by EBIT (3.8x coverage).