Star Mica Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Star Mica Holdings has a total shareholder equity of ¥23.4B and total debt of ¥70.3B, which brings its debt-to-equity ratio to 300%. Its total assets and total liabilities are ¥96.5B and ¥73.1B respectively. Star Mica Holdings's EBIT is ¥4.7B making its interest coverage ratio 6.8. It has cash and short-term investments of ¥3.9B.
Key information
300.0%
Debt to equity ratio
JP¥70.28b
Debt
Interest coverage ratio | 6.8x |
Cash | JP¥3.88b |
Equity | JP¥23.43b |
Total liabilities | JP¥73.11b |
Total assets | JP¥96.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2975's short term assets (¥94.0B) exceed its short term liabilities (¥13.1B).
Long Term Liabilities: 2975's short term assets (¥94.0B) exceed its long term liabilities (¥60.0B).
Debt to Equity History and Analysis
Debt Level: 2975's net debt to equity ratio (283.4%) is considered high.
Reducing Debt: 2975's debt to equity ratio has increased from 254.1% to 300% over the past 5 years.
Debt Coverage: 2975's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2975's interest payments on its debt are well covered by EBIT (6.8x coverage).