Shochiku Balance Sheet Health
Financial Health criteria checks 2/6
Shochiku has a total shareholder equity of ¥94.5B and total debt of ¥69.2B, which brings its debt-to-equity ratio to 73.2%. Its total assets and total liabilities are ¥211.1B and ¥116.7B respectively. Shochiku's EBIT is ¥3.6B making its interest coverage ratio -18.2. It has cash and short-term investments of ¥20.2B.
Key information
73.2%
Debt to equity ratio
JP¥69.18b
Debt
Interest coverage ratio | -18.2x |
Cash | JP¥20.20b |
Equity | JP¥94.47b |
Total liabilities | JP¥116.68b |
Total assets | JP¥211.14b |
Financial Position Analysis
Short Term Liabilities: 9601's short term assets (¥42.1B) do not cover its short term liabilities (¥43.5B).
Long Term Liabilities: 9601's short term assets (¥42.1B) do not cover its long term liabilities (¥73.2B).
Debt to Equity History and Analysis
Debt Level: 9601's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: 9601's debt to equity ratio has reduced from 84.2% to 73.2% over the past 5 years.
Debt Coverage: 9601's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 9601 earns more interest than it pays, so coverage of interest payments is not a concern.