Showa Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Showa Chemical Industry has a total shareholder equity of ¥7.6B and total debt of ¥3.2B, which brings its debt-to-equity ratio to 42.3%. Its total assets and total liabilities are ¥13.5B and ¥5.9B respectively. Showa Chemical Industry's EBIT is ¥504.0M making its interest coverage ratio -21. It has cash and short-term investments of ¥3.1B.
Key information
42.3%
Debt to equity ratio
JP¥3.21b
Debt
| Interest coverage ratio | -21x |
| Cash | JP¥3.15b |
| Equity | JP¥7.60b |
| Total liabilities | JP¥5.93b |
| Total assets | JP¥13.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4990's short term assets (¥7.0B) exceed its short term liabilities (¥4.2B).
Long Term Liabilities: 4990's short term assets (¥7.0B) exceed its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 4990's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: 4990's debt to equity ratio has reduced from 77.2% to 42.3% over the past 5 years.
Debt Coverage: 4990's debt is well covered by operating cash flow (25.7%).
Interest Coverage: 4990 earns more interest than it pays, so coverage of interest payments is not a concern.