Watts Balance Sheet Health
Financial Health criteria checks 4/6
Watts has a total shareholder equity of ¥12.0B and total debt of ¥3.0B, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are ¥25.7B and ¥13.7B respectively. Watts's EBIT is ¥1.1B making its interest coverage ratio 182.2. It has cash and short-term investments of ¥6.0B.
Key information
25.0%
Debt to equity ratio
JP¥3.01b
Debt
| Interest coverage ratio | 182.2x |
| Cash | JP¥6.00b |
| Equity | JP¥12.01b |
| Total liabilities | JP¥13.70b |
| Total assets | JP¥25.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2735's short term assets (¥19.4B) exceed its short term liabilities (¥10.1B).
Long Term Liabilities: 2735's short term assets (¥19.4B) exceed its long term liabilities (¥3.6B).
Debt to Equity History and Analysis
Debt Level: 2735 has more cash than its total debt.
Reducing Debt: 2735's debt to equity ratio has increased from 13.4% to 25% over the past 5 years.
Debt Coverage: 2735's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: 2735's interest payments on its debt are well covered by EBIT (182.2x coverage).