Choei Balance Sheet Health
Financial Health criteria checks 2/6
Choei has a total shareholder equity of ¥10.1B and total debt of ¥45.0B, which brings its debt-to-equity ratio to 446.4%. Its total assets and total liabilities are ¥60.5B and ¥50.5B respectively. Choei's EBIT is ¥1.8B making its interest coverage ratio 3.4. It has cash and short-term investments of ¥8.9B.
Key information
446.4%
Debt to equity ratio
JP¥45.05b
Debt
| Interest coverage ratio | 3.4x |
| Cash | JP¥8.90b |
| Equity | JP¥10.09b |
| Total liabilities | JP¥50.45b |
| Total assets | JP¥60.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2993's short term assets (¥9.7B) exceed its short term liabilities (¥3.7B).
Long Term Liabilities: 2993's short term assets (¥9.7B) do not cover its long term liabilities (¥46.7B).
Debt to Equity History and Analysis
Debt Level: 2993's net debt to equity ratio (358.2%) is considered high.
Reducing Debt: Insufficient data to determine if 2993's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2993's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 2993's interest payments on its debt are well covered by EBIT (3.4x coverage).