Showa Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Showa Chemical Industry has a total shareholder equity of ¥7.4B and total debt of ¥3.6B, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are ¥13.8B and ¥6.4B respectively. Showa Chemical Industry's EBIT is ¥637.0M making its interest coverage ratio -33.5. It has cash and short-term investments of ¥3.4B.
Key information
48.3%
Debt to equity ratio
JP¥3.59b
Debt
Interest coverage ratio | -33.5x |
Cash | JP¥3.38b |
Equity | JP¥7.44b |
Total liabilities | JP¥6.36b |
Total assets | JP¥13.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4990's short term assets (¥7.3B) exceed its short term liabilities (¥4.5B).
Long Term Liabilities: 4990's short term assets (¥7.3B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 4990's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: 4990's debt to equity ratio has reduced from 80.1% to 48.3% over the past 5 years.
Debt Coverage: 4990's debt is well covered by operating cash flow (20.1%).
Interest Coverage: 4990 earns more interest than it pays, so coverage of interest payments is not a concern.