Renesas Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Renesas Electronics has a total shareholder equity of ¥2,467.8B and total debt of ¥600.1B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are ¥3,661.6B and ¥1,193.9B respectively. Renesas Electronics's EBIT is ¥332.5B making its interest coverage ratio -11.2. It has cash and short-term investments of ¥322.1B.
Key information
24.3%
Debt to equity ratio
JP¥600.15b
Debt
Interest coverage ratio | -11.2x |
Cash | JP¥322.13b |
Equity | JP¥2.47t |
Total liabilities | JP¥1.19t |
Total assets | JP¥3.66t |
Recent financial health updates
Recent updates
Slammed 31% Renesas Electronics Corporation (TSE:6723) Screens Well Here But There Might Be A Catch
Aug 03Renesas Electronics Corporation Just Missed EPS By 8.9%: Here's What Analysts Think Will Happen Next
Jul 28Renesas Electronics (TSE:6723) Might Have The Makings Of A Multi-Bagger
Jul 25Renesas 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 (¥742.4B) exceed its short term liabilities (¥587.0B).
Long Term Liabilities: 6723's short term assets (¥742.4B) exceed its long term liabilities (¥606.9B).
Debt to Equity History and Analysis
Debt Level: 6723's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: 6723's debt to equity ratio has reduced from 140.1% to 24.3% over the past 5 years.
Debt Coverage: 6723's debt is well covered by operating cash flow (78.2%).
Interest Coverage: 6723 earns more interest than it pays, so coverage of interest payments is not a concern.