Shindengen Electric ManufacturingLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shindengen Electric ManufacturingLtd has a total shareholder equity of ¥66.0B and total debt of ¥40.0B, which brings its debt-to-equity ratio to 60.6%. Its total assets and total liabilities are ¥143.9B and ¥77.9B respectively. Shindengen Electric ManufacturingLtd's EBIT is ¥1.7B making its interest coverage ratio -3.6. It has cash and short-term investments of ¥29.5B.
Key information
60.6%
Debt to equity ratio
JP¥40.00b
Debt
Interest coverage ratio | -3.6x |
Cash | JP¥29.54b |
Equity | JP¥66.05b |
Total liabilities | JP¥77.89b |
Total assets | JP¥143.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6844's short term assets (¥90.7B) exceed its short term liabilities (¥31.1B).
Long Term Liabilities: 6844's short term assets (¥90.7B) exceed its long term liabilities (¥46.8B).
Debt to Equity History and Analysis
Debt Level: 6844's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: 6844's debt to equity ratio has increased from 48.2% to 60.6% over the past 5 years.
Debt Coverage: 6844's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 6844 earns more interest than it pays, so coverage of interest payments is not a concern.