ChugokukogyoLtd Balance Sheet Health
Financial Health criteria checks 5/6
ChugokukogyoLtd has a total shareholder equity of ¥5.5B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are ¥12.7B and ¥7.1B respectively. ChugokukogyoLtd's EBIT is ¥327.0M making its interest coverage ratio -6.3. It has cash and short-term investments of ¥571.0M.
Key information
31.0%
Debt to equity ratio
JP¥1.72b
Debt
| Interest coverage ratio | -6.3x |
| Cash | JP¥571.00m |
| Equity | JP¥5.54b |
| Total liabilities | JP¥7.13b |
| Total assets | JP¥12.67b |
Financial Position Analysis
Short Term Liabilities: 5974's short term assets (¥6.3B) exceed its short term liabilities (¥4.6B).
Long Term Liabilities: 5974's short term assets (¥6.3B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: 5974's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: 5974's debt to equity ratio has reduced from 43.3% to 31% over the past 5 years.
Debt Coverage: 5974's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 5974 earns more interest than it pays, so coverage of interest payments is not a concern.