ChugokukogyoLtd Balance Sheet Health
Financial Health criteria checks 5/6
ChugokukogyoLtd has a total shareholder equity of ¥5.6B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 38.1%. Its total assets and total liabilities are ¥13.4B and ¥7.8B respectively. ChugokukogyoLtd's EBIT is ¥207.0M making its interest coverage ratio -4.2. It has cash and short-term investments of ¥534.0M.
Key information
38.1%
Debt to equity ratio
JP¥2.11b
Debt
Interest coverage ratio | -4.2x |
Cash | JP¥534.00m |
Equity | JP¥5.55b |
Total liabilities | JP¥7.81b |
Total assets | JP¥13.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5974's short term assets (¥7.1B) exceed its short term liabilities (¥5.4B).
Long Term Liabilities: 5974's short term assets (¥7.1B) exceed its long term liabilities (¥2.5B).
Debt to Equity History and Analysis
Debt Level: 5974's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: 5974's debt to equity ratio has reduced from 43.7% to 38.1% over the past 5 years.
Debt Coverage: 5974's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: 5974 earns more interest than it pays, so coverage of interest payments is not a concern.