Rengo Balance Sheet Health
Financial Health criteria checks 4/6
Rengo has a total shareholder equity of ¥437.3B and total debt of ¥418.2B, which brings its debt-to-equity ratio to 95.6%. Its total assets and total liabilities are ¥1,166.4B and ¥729.1B respectively. Rengo's EBIT is ¥45.1B making its interest coverage ratio 101.8. It has cash and short-term investments of ¥109.2B.
Key information
95.6%
Debt to equity ratio
JP¥418.22b
Debt
Interest coverage ratio | 101.8x |
Cash | JP¥109.18b |
Equity | JP¥437.33b |
Total liabilities | JP¥729.10b |
Total assets | JP¥1.17t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3941's short term assets (¥489.5B) exceed its short term liabilities (¥387.0B).
Long Term Liabilities: 3941's short term assets (¥489.5B) exceed its long term liabilities (¥342.1B).
Debt to Equity History and Analysis
Debt Level: 3941's net debt to equity ratio (70.7%) is considered high.
Reducing Debt: 3941's debt to equity ratio has reduced from 104.8% to 95.6% over the past 5 years.
Debt Coverage: 3941's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: 3941's interest payments on its debt are well covered by EBIT (101.8x coverage).