Chugoku Marine Paints Balance Sheet Health
Financial Health criteria checks 6/6
Chugoku Marine Paints has a total shareholder equity of ¥86.5B and total debt of ¥22.1B, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are ¥141.3B and ¥54.8B respectively. Chugoku Marine Paints's EBIT is ¥15.0B making its interest coverage ratio -59.2. It has cash and short-term investments of ¥34.7B.
Key information
25.5%
Debt to equity ratio
JP¥22.05b
Debt
| Interest coverage ratio | -59.2x |
| Cash | JP¥34.71b |
| Equity | JP¥86.52b |
| Total liabilities | JP¥54.80b |
| Total assets | JP¥141.32b |
Recent financial health updates
Recent updates
Chugoku Marine Paints, Ltd. (TSE:4617) Surges 28% Yet Its Low P/E Is No Reason For Excitement
Nov 07
Additional Considerations Required While Assessing Chugoku Marine Paints' (TSE:4617) Strong Earnings
Aug 07Why Investors Shouldn't Be Surprised By Chugoku Marine Paints, Ltd.'s (TSE:4617) 31% Share Price Plunge
Aug 05Is Chugoku Marine Paints (TSE:4617) A Risky Investment?
Apr 16Financial Position Analysis
Short Term Liabilities: 4617's short term assets (¥105.2B) exceed its short term liabilities (¥45.8B).
Long Term Liabilities: 4617's short term assets (¥105.2B) exceed its long term liabilities (¥9.0B).
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 reduced from 31.1% to 25.5% over the past 5 years.
Debt Coverage: 4617's debt is well covered by operating cash flow (64%).
Interest Coverage: 4617 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:35 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Chugoku Marine Paints, Ltd. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mariko Watanabe | Credit Suisse |
| Takahiro Mori | Daiwa Securities Co. Ltd. |
| Atsushi Yoshida | Mizuho Securities Co., Ltd. |