Shochiku Balance Sheet Health
Financial Health criteria checks 2/6
Shochiku has a total shareholder equity of ¥91.8B and total debt of ¥69.9B, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are ¥205.9B and ¥114.1B respectively. Shochiku's EBIT is ¥1.9B making its interest coverage ratio -12.3. It has cash and short-term investments of ¥21.0B.
Key information
76.2%
Debt to equity ratio
JP¥69.94b
Debt
| Interest coverage ratio | -12.3x |
| Cash | JP¥20.98b |
| Equity | JP¥91.81b |
| Total liabilities | JP¥114.14b |
| Total assets | JP¥205.94b |
Financial Position Analysis
Short Term Liabilities: 9601's short term assets (¥39.8B) exceed its short term liabilities (¥38.6B).
Long Term Liabilities: 9601's short term assets (¥39.8B) do not cover its long term liabilities (¥75.5B).
Debt to Equity History and Analysis
Debt Level: 9601's net debt to equity ratio (53.3%) is considered high.
Reducing Debt: 9601's debt to equity ratio has increased from 75.9% to 76.2% over the past 5 years.
Debt Coverage: 9601's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: 9601 earns more interest than it pays, so coverage of interest payments is not a concern.