Rengo Balance Sheet Health
Financial Health criteria checks 5/6
Rengo has a total shareholder equity of ¥439.0B and total debt of ¥419.9B, which brings its debt-to-equity ratio to 95.7%. Its total assets and total liabilities are ¥1,172.5B and ¥733.5B respectively. Rengo's EBIT is ¥48.9B making its interest coverage ratio 122.1. It has cash and short-term investments of ¥117.6B.
Key information
95.7%
Debt to equity ratio
JP¥419.95b
Debt
Interest coverage ratio | 122.1x |
Cash | JP¥117.59b |
Equity | JP¥438.98b |
Total liabilities | JP¥733.54b |
Total assets | JP¥1.17t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3941's short term assets (¥484.2B) exceed its short term liabilities (¥392.3B).
Long Term Liabilities: 3941's short term assets (¥484.2B) exceed its long term liabilities (¥341.3B).
Debt to Equity History and Analysis
Debt Level: 3941's net debt to equity ratio (68.9%) is considered high.
Reducing Debt: 3941's debt to equity ratio has reduced from 101% to 95.7% over the past 5 years.
Debt Coverage: 3941's debt is well covered by operating cash flow (21.3%).
Interest Coverage: 3941's interest payments on its debt are well covered by EBIT (122.1x coverage).