Watts Balance Sheet Health
Financial Health criteria checks 5/6
Watts has a total shareholder equity of ¥12.5B and total debt of ¥3.3B, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are ¥30.3B and ¥17.8B respectively. Watts's EBIT is ¥1.2B making its interest coverage ratio 178.1. It has cash and short-term investments of ¥9.4B.
Key information
26.2%
Debt to equity ratio
JP¥3.28b
Debt
| Interest coverage ratio | 178.1x |
| Cash | JP¥9.38b |
| Equity | JP¥12.52b |
| Total liabilities | JP¥17.76b |
| Total assets | JP¥30.28b |
Financial Position Analysis
Short Term Liabilities: 2735's short term assets (¥24.1B) exceed its short term liabilities (¥14.1B).
Long Term Liabilities: 2735's short term assets (¥24.1B) 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 10.2% to 26.2% over the past 5 years.
Debt Coverage: 2735's debt is well covered by operating cash flow (123.2%).
Interest Coverage: 2735's interest payments on its debt are well covered by EBIT (178.1x coverage).