Asahipen Balance Sheet Health
Financial Health criteria checks 5/6
Asahipen has a total shareholder equity of ¥13.7B and total debt of ¥3.9B, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are ¥21.6B and ¥7.9B respectively. Asahipen's EBIT is ¥845.0M making its interest coverage ratio -30.2. It has cash and short-term investments of ¥3.9B.
Key information
28.7%
Debt to equity ratio
JP¥3.93b
Debt
Interest coverage ratio | -30.2x |
Cash | JP¥3.91b |
Equity | JP¥13.70b |
Total liabilities | JP¥7.87b |
Total assets | JP¥21.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4623's short term assets (¥10.7B) exceed its short term liabilities (¥4.6B).
Long Term Liabilities: 4623's short term assets (¥10.7B) exceed its long term liabilities (¥3.3B).
Debt to Equity History and Analysis
Debt Level: 4623's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: 4623's debt to equity ratio has increased from 22.5% to 28.7% over the past 5 years.
Debt Coverage: 4623's debt is well covered by operating cash flow (21.4%).
Interest Coverage: 4623 earns more interest than it pays, so coverage of interest payments is not a concern.