Shinagawa Refractories Balance Sheet Health
Financial Health criteria checks 5/6
Shinagawa Refractories has a total shareholder equity of ¥92.3B and total debt of ¥30.7B, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are ¥158.3B and ¥66.0B respectively. Shinagawa Refractories's EBIT is ¥13.1B making its interest coverage ratio -34.3. It has cash and short-term investments of ¥23.7B.
Key information
33.3%
Debt to equity ratio
JP¥30.72b
Debt
| Interest coverage ratio | -34.3x |
| Cash | JP¥23.72b |
| Equity | JP¥92.31b |
| Total liabilities | JP¥66.01b |
| Total assets | JP¥158.32b |
Recent financial health updates
No updates
Recent updates
Earnings Troubles May Signal Larger Issues for Shinagawa Refractories (TSE:5351) Shareholders
Nov 27
The Market Doesn't Like What It Sees From Shinagawa Refractories Co., Ltd.'s (TSE:5351) Earnings Yet As Shares Tumble 28%
Aug 05Additional Considerations Required While Assessing Shinagawa Refractories' (TSE:5351) Strong Earnings
May 22Financial Position Analysis
Short Term Liabilities: 5351's short term assets (¥97.7B) exceed its short term liabilities (¥53.1B).
Long Term Liabilities: 5351's short term assets (¥97.7B) exceed its long term liabilities (¥12.9B).
Debt to Equity History and Analysis
Debt Level: 5351's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 5351's debt to equity ratio has increased from 26.1% to 33.3% over the past 5 years.
Debt Coverage: 5351's debt is well covered by operating cash flow (45.4%).
Interest Coverage: 5351 earns more interest than it pays, so coverage of interest payments is not a concern.