Choei Balance Sheet Health
Financial Health criteria checks 2/6
Choei has a total shareholder equity of ¥10.0B and total debt of ¥43.4B, which brings its debt-to-equity ratio to 434.8%. Its total assets and total liabilities are ¥58.9B and ¥48.9B respectively. Choei's EBIT is ¥2.2B making its interest coverage ratio 4.3. It has cash and short-term investments of ¥9.4B.
Key information
434.8%
Debt to equity ratio
JP¥43.38b
Debt
Interest coverage ratio | 4.3x |
Cash | JP¥9.40b |
Equity | JP¥9.98b |
Total liabilities | JP¥48.88b |
Total assets | JP¥58.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2993's short term assets (¥9.9B) exceed its short term liabilities (¥3.8B).
Long Term Liabilities: 2993's short term assets (¥9.9B) do not cover its long term liabilities (¥45.1B).
Debt to Equity History and Analysis
Debt Level: 2993's net debt to equity ratio (340.6%) 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 (6.3%).
Interest Coverage: 2993's interest payments on its debt are well covered by EBIT (4.3x coverage).