Sugai Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Sugai Chemical Industry has a total shareholder equity of ¥7.3B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are ¥11.4B and ¥4.1B respectively. Sugai Chemical Industry's EBIT is ¥638.0M making its interest coverage ratio -16. It has cash and short-term investments of ¥731.0M.
Key information
23.0%
Debt to equity ratio
JP¥1.67b
Debt
Interest coverage ratio | -16x |
Cash | JP¥731.00m |
Equity | JP¥7.26b |
Total liabilities | JP¥4.12b |
Total assets | JP¥11.38b |
Financial Position Analysis
Short Term Liabilities: 4120's short term assets (¥5.4B) exceed its short term liabilities (¥2.9B).
Long Term Liabilities: 4120's short term assets (¥5.4B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 4120's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: 4120's debt to equity ratio has reduced from 33.6% to 23% over the past 5 years.
Debt Coverage: 4120's debt is well covered by operating cash flow (71.3%).
Interest Coverage: 4120 earns more interest than it pays, so coverage of interest payments is not a concern.