Harima Chemicals Group Balance Sheet Health
Financial Health criteria checks 2/6
Harima Chemicals Group has a total shareholder equity of ¥40.9B and total debt of ¥37.4B, which brings its debt-to-equity ratio to 91.6%. Its total assets and total liabilities are ¥98.6B and ¥57.7B respectively.
Key information
91.6%
Debt to equity ratio
JP¥37.45b
Debt
Interest coverage ratio | n/a |
Cash | JP¥6.85b |
Equity | JP¥40.88b |
Total liabilities | JP¥57.70b |
Total assets | JP¥98.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4410's short term assets (¥53.6B) exceed its short term liabilities (¥47.7B).
Long Term Liabilities: 4410's short term assets (¥53.6B) exceed its long term liabilities (¥10.0B).
Debt to Equity History and Analysis
Debt Level: 4410's net debt to equity ratio (74.8%) is considered high.
Reducing Debt: 4410's debt to equity ratio has increased from 46.1% to 91.6% over the past 5 years.
Debt Coverage: 4410's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 4410's interest payments on its debt are well covered by EBIT.