Asahi Concrete Works Balance Sheet Health
Financial Health criteria checks 6/6
Asahi Concrete Works has a total shareholder equity of ¥11.1B and total debt of ¥670.0M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are ¥14.6B and ¥3.5B respectively. Asahi Concrete Works's EBIT is ¥496.0M making its interest coverage ratio -6.6. It has cash and short-term investments of ¥5.1B.
Key information
6.0%
Debt to equity ratio
JP¥670.00m
Debt
| Interest coverage ratio | -6.6x |
| Cash | JP¥5.07b |
| Equity | JP¥11.08b |
| Total liabilities | JP¥3.53b |
| Total assets | JP¥14.61b |
Financial Position Analysis
Short Term Liabilities: 5268's short term assets (¥8.9B) exceed its short term liabilities (¥2.5B).
Long Term Liabilities: 5268's short term assets (¥8.9B) 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 10.5% to 6% over the past 5 years.
Debt Coverage: 5268's debt is well covered by operating cash flow (61.8%).
Interest Coverage: 5268 earns more interest than it pays, so coverage of interest payments is not a concern.