Asian Star Balance Sheet Health
Financial Health criteria checks 6/6
Asian Star has a total shareholder equity of ¥2.0B and total debt of ¥267.0M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are ¥3.1B and ¥1.1B respectively. Asian Star's EBIT is ¥51.0M making its interest coverage ratio 8.5. It has cash and short-term investments of ¥861.0M.
Key information
13.0%
Debt to equity ratio
JP¥267.00m
Debt
| Interest coverage ratio | 8.5x |
| Cash | JP¥861.00m |
| Equity | JP¥2.05b |
| Total liabilities | JP¥1.08b |
| Total assets | JP¥3.13b |
Financial Position Analysis
Short Term Liabilities: 8946's short term assets (¥2.2B) exceed its short term liabilities (¥609.0M).
Long Term Liabilities: 8946's short term assets (¥2.2B) exceed its long term liabilities (¥475.0M).
Debt to Equity History and Analysis
Debt Level: 8946 has more cash than its total debt.
Reducing Debt: 8946's debt to equity ratio has reduced from 55.7% to 13% over the past 5 years.
Debt Coverage: 8946's debt is well covered by operating cash flow (180.9%).
Interest Coverage: 8946's interest payments on its debt are well covered by EBIT (8.5x coverage).