Chugoku Marine Paints Balance Sheet Health
Financial Health criteria checks 5/6
Chugoku Marine Paints has a total shareholder equity of ¥74.3B and total debt of ¥29.0B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are ¥132.8B and ¥58.5B respectively. Chugoku Marine Paints's EBIT is ¥11.3B making its interest coverage ratio -121.1. It has cash and short-term investments of ¥32.3B.
Key information
39.0%
Debt to equity ratio
JP¥29.01b
Debt
Interest coverage ratio | -121.1x |
Cash | JP¥32.33b |
Equity | JP¥74.32b |
Total liabilities | JP¥58.48b |
Total assets | JP¥132.80b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4617's short term assets (¥98.5B) exceed its short term liabilities (¥49.2B).
Long Term Liabilities: 4617's short term assets (¥98.5B) exceed its long term liabilities (¥9.3B).
Debt to Equity History and Analysis
Debt Level: 4617 has more cash than its total debt.
Reducing Debt: 4617's debt to equity ratio has increased from 29.9% to 39% over the past 5 years.
Debt Coverage: 4617's debt is well covered by operating cash flow (38.8%).
Interest Coverage: 4617 earns more interest than it pays, so coverage of interest payments is not a concern.