Shikino High-TechLTD Balance Sheet Health
Financial Health criteria checks 5/6
Shikino High-TechLTD has a total shareholder equity of ¥2.4B and total debt of ¥814.0M, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are ¥5.7B and ¥3.3B respectively. Shikino High-TechLTD's EBIT is ¥641.0M making its interest coverage ratio 320.5. It has cash and short-term investments of ¥505.0M.
Key information
34.2%
Debt to equity ratio
JP¥814.00m
Debt
| Interest coverage ratio | 320.5x |
| Cash | JP¥505.00m |
| Equity | JP¥2.38b |
| Total liabilities | JP¥3.29b |
| Total assets | JP¥5.67b |
Financial Position Analysis
Short Term Liabilities: 6614's short term assets (¥3.9B) exceed its short term liabilities (¥2.0B).
Long Term Liabilities: 6614's short term assets (¥3.9B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 6614's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 6614's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6614's debt is well covered by operating cash flow (48.9%).
Interest Coverage: 6614's interest payments on its debt are well covered by EBIT (320.5x coverage).