Shin-Etsu Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Shin-Etsu Chemical has a total shareholder equity of ¥4,426.6B and total debt of ¥25.6B, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are ¥5,123.8B and ¥697.1B respectively. Shin-Etsu Chemical's EBIT is ¥749.5B making its interest coverage ratio -14.1. It has cash and short-term investments of ¥1,678.2B.
Key information
0.6%
Debt to equity ratio
JP¥25.60b
Debt
| Interest coverage ratio | -14.1x |
| Cash | JP¥1.68t |
| Equity | JP¥4.43t |
| Total liabilities | JP¥697.14b |
| Total assets | JP¥5.12t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4063's short term assets (¥3,001.8B) exceed its short term liabilities (¥482.5B).
Long Term Liabilities: 4063's short term assets (¥3,001.8B) exceed its long term liabilities (¥214.7B).
Debt to Equity History and Analysis
Debt Level: 4063 has more cash than its total debt.
Reducing Debt: 4063's debt to equity ratio has reduced from 0.6% to 0.6% over the past 5 years.
Debt Coverage: 4063's debt is well covered by operating cash flow (3124.7%).
Interest Coverage: 4063 earns more interest than it pays, so coverage of interest payments is not a concern.