Japan Excellent Balance Sheet Health
Financial Health criteria checks 3/6
Japan Excellent has a total shareholder equity of ¥150.7B and total debt of ¥128.6B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are ¥294.8B and ¥144.2B respectively. Japan Excellent's EBIT is ¥11.7B making its interest coverage ratio 10.8. It has cash and short-term investments of ¥10.5B.
Key information
85.4%
Debt to equity ratio
JP¥128.60b
Debt
Interest coverage ratio | 10.8x |
Cash | JP¥10.47b |
Equity | JP¥150.66b |
Total liabilities | JP¥144.16b |
Total assets | JP¥294.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8987's short term assets (¥22.8B) do not cover its short term liabilities (¥24.8B).
Long Term Liabilities: 8987's short term assets (¥22.8B) do not cover its long term liabilities (¥119.4B).
Debt to Equity History and Analysis
Debt Level: 8987's net debt to equity ratio (78.4%) is considered high.
Reducing Debt: 8987's debt to equity ratio has reduced from 88.1% to 85.4% over the past 5 years.
Debt Coverage: 8987's debt is well covered by operating cash flow (26.5%).
Interest Coverage: 8987's interest payments on its debt are well covered by EBIT (10.8x coverage).