Asian Star Balance Sheet Health
Financial Health criteria checks 6/6
Asian Star has a total shareholder equity of ¥2.2B and total debt of ¥429.0M, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are ¥3.6B and ¥1.5B respectively. Asian Star's EBIT is ¥53.0M making its interest coverage ratio 7.6. It has cash and short-term investments of ¥1.3B.
Key information
19.9%
Debt to equity ratio
JP¥429.00m
Debt
| Interest coverage ratio | 7.6x |
| Cash | JP¥1.28b |
| Equity | JP¥2.16b |
| Total liabilities | JP¥1.45b |
| Total assets | JP¥3.62b |
Financial Position Analysis
Short Term Liabilities: 8946's short term assets (¥2.6B) exceed its short term liabilities (¥947.0M).
Long Term Liabilities: 8946's short term assets (¥2.6B) exceed its long term liabilities (¥507.0M).
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 64.5% to 19.9% over the past 5 years.
Debt Coverage: 8946's debt is well covered by operating cash flow (33.8%).
Interest Coverage: 8946's interest payments on its debt are well covered by EBIT (7.6x coverage).