Shikino High-TechLTD Balance Sheet Health
Financial Health criteria checks 5/6
Shikino High-TechLTD has a total shareholder equity of ¥2.5B and total debt of ¥971.0M, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are ¥5.5B and ¥3.0B respectively. Shikino High-TechLTD's EBIT is ¥279.0M making its interest coverage ratio 139.5. It has cash and short-term investments of ¥416.0M.
Key information
39.0%
Debt to equity ratio
JP¥971.00m
Debt
| Interest coverage ratio | 139.5x |
| Cash | JP¥416.00m |
| Equity | JP¥2.49b |
| Total liabilities | JP¥3.03b |
| Total assets | JP¥5.52b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6614's short term assets (¥3.6B) exceed its short term liabilities (¥1.8B).
Long Term Liabilities: 6614's short term assets (¥3.6B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 6614's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: 6614's debt to equity ratio has reduced from 148.2% to 39% over the past 5 years.
Debt Coverage: 6614's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: 6614's interest payments on its debt are well covered by EBIT (139.5x coverage).