Shinagawa Refractories Balance Sheet Health
Financial Health criteria checks 5/6
Shinagawa Refractories has a total shareholder equity of ¥87.0B and total debt of ¥27.7B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are ¥155.1B and ¥68.2B respectively. Shinagawa Refractories's EBIT is ¥13.9B making its interest coverage ratio -42.9. It has cash and short-term investments of ¥21.4B.
Key information
31.8%
Debt to equity ratio
JP¥27.69b
Debt
Interest coverage ratio | -42.9x |
Cash | JP¥21.38b |
Equity | JP¥86.97b |
Total liabilities | JP¥68.17b |
Total assets | JP¥155.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5351's short term assets (¥97.6B) exceed its short term liabilities (¥53.5B).
Long Term Liabilities: 5351's short term assets (¥97.6B) exceed its long term liabilities (¥14.7B).
Debt to Equity History and Analysis
Debt Level: 5351's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 5351's debt to equity ratio has increased from 25.1% to 31.8% over the past 5 years.
Debt Coverage: 5351's debt is well covered by operating cash flow (42.4%).
Interest Coverage: 5351 earns more interest than it pays, so coverage of interest payments is not a concern.