Saikaya Department StoreLtd Balance Sheet Health
Financial Health criteria checks 2/6
Saikaya Department StoreLtd has a total shareholder equity of ¥623.0M and total debt of ¥8.7B, which brings its debt-to-equity ratio to 1389.2%. Its total assets and total liabilities are ¥12.1B and ¥11.5B respectively. Saikaya Department StoreLtd's EBIT is ¥164.0M making its interest coverage ratio 6.8. It has cash and short-term investments of ¥1.8B.
Key information
1,389.2%
Debt to equity ratio
JP¥8.66b
Debt
Interest coverage ratio | 6.8x |
Cash | JP¥1.76b |
Equity | JP¥623.00m |
Total liabilities | JP¥11.46b |
Total assets | JP¥12.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8254's short term assets (¥2.8B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 8254's short term assets (¥2.8B) do not cover its long term liabilities (¥9.4B).
Debt to Equity History and Analysis
Debt Level: 8254's net debt to equity ratio (1107.4%) is considered high.
Reducing Debt: 8254's debt to equity ratio has increased from 380.3% to 1389.2% over the past 5 years.
Debt Coverage: 8254's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: 8254's interest payments on its debt are well covered by EBIT (6.8x coverage).