Asahi Kasei Balance Sheet Health
Financial Health criteria checks 4/6
Asahi Kasei has a total shareholder equity of ¥1,803.4B and total debt of ¥1,113.2B, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are ¥3,788.5B and ¥1,985.0B respectively. Asahi Kasei's EBIT is ¥193.8B making its interest coverage ratio -33.7. It has cash and short-term investments of ¥341.0B.
Key information
61.7%
Debt to equity ratio
JP¥1.11t
Debt
| Interest coverage ratio | -33.7x |
| Cash | JP¥341.00b |
| Equity | JP¥1.80t |
| Total liabilities | JP¥1.99t |
| Total assets | JP¥3.79t |
Recent financial health updates
Recent updates
Asahi Kasei Corporation (TSE:3407) Just Released Its Interim Earnings: Here's What Analysts Think
Nov 04
An Intrinsic Calculation For Asahi Kasei Corporation (TSE:3407) Suggests It's 48% Undervalued
Sep 10Is Asahi Kasei (TSE:3407) Using Too Much Debt?
Aug 21Asahi Kasei Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Aug 02The Returns On Capital At Asahi Kasei (TSE:3407) Don't Inspire Confidence
Jul 27We Think Asahi Kasei's (TSE:3407) Robust Earnings Are Conservative
Jul 03Asahi Kasei Corporation's (TSE:3407) Price In Tune With Revenues
Jun 06Financial Position Analysis
Short Term Liabilities: 3407's short term assets (¥1,631.7B) exceed its short term liabilities (¥1,009.7B).
Long Term Liabilities: 3407's short term assets (¥1,631.7B) exceed its long term liabilities (¥975.3B).
Debt to Equity History and Analysis
Debt Level: 3407's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: 3407's debt to equity ratio has increased from 32.6% to 61.7% over the past 5 years.
Debt Coverage: 3407's debt is well covered by operating cash flow (28.1%).
Interest Coverage: 3407 earns more interest than it pays, so coverage of interest payments is not a concern.