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Shinoken Group Balance Sheet Health
Financial Health criteria checks 6/6
Key information
101.4%
Debt to equity ratio
JP¥47.52b
Debt
| Interest coverage ratio | 31x |
| Cash | JP¥45.40b |
| Equity | JP¥46.85b |
| Total liabilities | JP¥64.36b |
| Total assets | JP¥111.21b |
Recent financial health updates
Shinoken Group (TYO:8909) Seems To Use Debt Quite Sensibly
Feb 25
Does Shinoken Group (TYO:8909) Have A Healthy Balance Sheet?
Nov 18
Recent updates
Shinoken Group (TYO:8909) Seems To Use Debt Quite Sensibly
Feb 25Shinoken Group Co., Ltd.'s (TYO:8909) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Feb 03What Makes Shinoken Group Co., Ltd. (TYO:8909) A Great Dividend Stock?
Jan 13What You Need To Know About Shinoken Group Co., Ltd.'s (TYO:8909) Investor Composition
Dec 24Shinoken Group Co., Ltd. (TYO:8909) Passed Our Checks, And It's About To Pay A JP¥18.50 Dividend
Dec 24Did You Miss Shinoken Group's (TYO:8909) 34% Share Price Gain?
Dec 09Does Shinoken Group (TYO:8909) Have A Healthy Balance Sheet?
Nov 18Financial Position Analysis
Short Term Liabilities: 8909's short term assets (¥95.5B) exceed its short term liabilities (¥50.0B).
Long Term Liabilities: 8909's short term assets (¥95.5B) exceed its long term liabilities (¥14.3B).
Debt to Equity History and Analysis
Debt Level: 8909's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: 8909's debt to equity ratio has reduced from 185.1% to 101.4% over the past 5 years.
Debt Coverage: 8909's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 8909's interest payments on its debt are well covered by EBIT (31x coverage).