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
The Price Is Right For Asahi Kasei Corporation (TSE:3407)
Nov 20
Asahi Kasei Corporation (TSE:3407) Just Released Its Interim Earnings: Here's What Analysts Think
Nov 04An 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 18:29 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Asahi Kasei Corporation is covered by 27 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mikiya Yamada | Barclays |
| Takashi Enomoto | BofA Global Research |
| Takao Kanai | Citigroup Global Markets Japan Inc. |