Asahi Kasei Balance Sheet Health
Financial Health criteria checks 5/6
Asahi Kasei has a total shareholder equity of ¥1,946.0B and total debt of ¥971.1B, which brings its debt-to-equity ratio to 49.9%. Its total assets and total liabilities are ¥3,806.9B and ¥1,860.9B respectively. Asahi Kasei's EBIT is ¥168.8B making its interest coverage ratio -33.5. It has cash and short-term investments of ¥364.1B.
Key information
49.9%
Debt to equity ratio
JP¥971.08b
Debt
| Interest coverage ratio | -33.5x |
| Cash | JP¥364.12b |
| Equity | JP¥1.95t |
| Total liabilities | JP¥1.86t |
| Total assets | JP¥3.81t |
Recent financial health updates
No updates
Recent updates
Asahi Kasei Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Aug 02
The 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 (¥1,724.7B) exceed its short term liabilities (¥1,021.4B).
Long Term Liabilities: 3407's short term assets (¥1,724.7B) exceed its long term liabilities (¥839.4B).
Debt to Equity History and Analysis
Debt Level: 3407's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: 3407's debt to equity ratio has increased from 32.9% to 49.9% over the past 5 years.
Debt Coverage: 3407's debt is well covered by operating cash flow (31.6%).
Interest Coverage: 3407 earns more interest than it pays, so coverage of interest payments is not a concern.