Asahi Concrete Works Balance Sheet Health
Financial Health criteria checks 6/6
Asahi Concrete Works has a total shareholder equity of ¥11.3B and total debt of ¥670.0M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are ¥14.5B and ¥3.2B respectively. Asahi Concrete Works's EBIT is ¥521.0M making its interest coverage ratio -7. It has cash and short-term investments of ¥4.9B.
Key information
5.9%
Debt to equity ratio
JP¥670.00m
Debt
| Interest coverage ratio | -7x |
| Cash | JP¥4.88b |
| Equity | JP¥11.30b |
| Total liabilities | JP¥3.20b |
| Total assets | JP¥14.51b |
Financial Position Analysis
Short Term Liabilities: 5268's short term assets (¥8.6B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 5268's short term assets (¥8.6B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 5268 has more cash than its total debt.
Reducing Debt: 5268's debt to equity ratio has reduced from 10.4% to 5.9% over the past 5 years.
Debt Coverage: 5268's debt is well covered by operating cash flow (101.6%).
Interest Coverage: 5268 earns more interest than it pays, so coverage of interest payments is not a concern.