Asahi Kasei Balance Sheet Health
Financial Health criteria checks 5/6
Asahi Kasei has a total shareholder equity of ¥1,848.6B and total debt of ¥917.0B, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are ¥3,662.7B and ¥1,814.1B respectively. Asahi Kasei's EBIT is ¥140.7B making its interest coverage ratio -37.6. It has cash and short-term investments of ¥338.1B.
Key information
49.6%
Debt to equity ratio
JP¥917.02b
Debt
Interest coverage ratio | -37.6x |
Cash | JP¥338.11b |
Equity | JP¥1.85t |
Total liabilities | JP¥1.81t |
Total assets | JP¥3.66t |
Financial Position Analysis
Short Term Liabilities: 3407's short term assets (¥1,650.0B) exceed its short term liabilities (¥914.6B).
Long Term Liabilities: 3407's short term assets (¥1,650.0B) exceed its long term liabilities (¥899.5B).
Debt to Equity History and Analysis
Debt Level: 3407's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: 3407's debt to equity ratio has increased from 30.3% to 49.6% over the past 5 years.
Debt Coverage: 3407's debt is well covered by operating cash flow (32.2%).
Interest Coverage: 3407 earns more interest than it pays, so coverage of interest payments is not a concern.