Airport Facilities Balance Sheet Health
Financial Health criteria checks 5/6
Airport Facilities has a total shareholder equity of ¥60.7B and total debt of ¥37.0B, which brings its debt-to-equity ratio to 60.9%. Its total assets and total liabilities are ¥113.6B and ¥53.0B respectively. Airport Facilities's EBIT is ¥2.8B making its interest coverage ratio 21.5. It has cash and short-term investments of ¥13.3B.
Key information
60.9%
Debt to equity ratio
JP¥36.96b
Debt
Interest coverage ratio | 21.5x |
Cash | JP¥13.27b |
Equity | JP¥60.67b |
Total liabilities | JP¥52.98b |
Total assets | JP¥113.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8864's short term assets (¥42.7B) exceed its short term liabilities (¥13.4B).
Long Term Liabilities: 8864's short term assets (¥42.7B) exceed its long term liabilities (¥39.6B).
Debt to Equity History and Analysis
Debt Level: 8864's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: 8864's debt to equity ratio has reduced from 63.1% to 60.9% over the past 5 years.
Debt Coverage: 8864's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8864's interest payments on its debt are well covered by EBIT (21.5x coverage).