Asahi Concrete Works Balance Sheet Health
Financial Health criteria checks 6/6
Asahi Concrete Works has a total shareholder equity of ¥10.7B and total debt of ¥700.0M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are ¥13.8B and ¥3.1B respectively. Asahi Concrete Works's EBIT is ¥400.0M making its interest coverage ratio -5.6. It has cash and short-term investments of ¥4.6B.
Key information
6.5%
Debt to equity ratio
JP¥700.00m
Debt
Interest coverage ratio | -5.6x |
Cash | JP¥4.65b |
Equity | JP¥10.73b |
Total liabilities | JP¥3.10b |
Total assets | JP¥13.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5268's short term assets (¥8.8B) exceed its short term liabilities (¥2.2B).
Long Term Liabilities: 5268's short term assets (¥8.8B) exceed its long term liabilities (¥859.0M).
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 6.5% over the past 5 years.
Debt Coverage: 5268's debt is well covered by operating cash flow (20.9%).
Interest Coverage: 5268 earns more interest than it pays, so coverage of interest payments is not a concern.