Renesas Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Renesas Electronics has a total shareholder equity of ¥2,202.3B and total debt of ¥519.0B, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are ¥3,233.7B and ¥1,031.4B respectively. Renesas Electronics's EBIT is ¥358.5B making its interest coverage ratio -14.4. It has cash and short-term investments of ¥234.1B.
Key information
23.6%
Debt to equity ratio
JP¥518.97b
Debt
Interest coverage ratio | -14.4x |
Cash | JP¥234.10b |
Equity | JP¥2.20t |
Total liabilities | JP¥1.03t |
Total assets | JP¥3.23t |
Recent financial health updates
Recent updates
Renesas Electronics Corporation (TSE:6723) Shares Could Be 20% Below Their Intrinsic Value Estimate
Jun 09Should You Investigate Renesas Electronics Corporation (TSE:6723) At JP¥2,896?
May 26With Renesas Electronics Corporation (TSE:6723) It Looks Like You'll Get What You Pay For
May 11Earnings Beat: Renesas Electronics Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Apr 28Investors Will Want Renesas Electronics' (TSE:6723) Growth In ROCE To Persist
Apr 24Is Renesas Electronics (TSE:6723) Using Too Much Debt?
Apr 10Financial Position Analysis
Short Term Liabilities: 6723's short term assets (¥623.5B) do not cover its short term liabilities (¥698.0B).
Long Term Liabilities: 6723's short term assets (¥623.5B) exceed its long term liabilities (¥333.4B).
Debt to Equity History and Analysis
Debt Level: 6723's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: 6723's debt to equity ratio has reduced from 149% to 23.6% over the past 5 years.
Debt Coverage: 6723's debt is well covered by operating cash flow (94%).
Interest Coverage: 6723 earns more interest than it pays, so coverage of interest payments is not a concern.