Shindengen Electric ManufacturingLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shindengen Electric ManufacturingLtd has a total shareholder equity of ¥70.2B and total debt of ¥36.2B, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are ¥138.5B and ¥68.3B respectively. Shindengen Electric ManufacturingLtd's EBIT is ¥966.0M making its interest coverage ratio -1.6. It has cash and short-term investments of ¥25.9B.
Key information
51.5%
Debt to equity ratio
JP¥36.17b
Debt
| Interest coverage ratio | -1.6x |
| Cash | JP¥25.85b |
| Equity | JP¥70.21b |
| Total liabilities | JP¥68.31b |
| Total assets | JP¥138.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6844's short term assets (¥84.3B) exceed its short term liabilities (¥27.6B).
Long Term Liabilities: 6844's short term assets (¥84.3B) exceed its long term liabilities (¥40.7B).
Debt to Equity History and Analysis
Debt Level: 6844's net debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: 6844's debt to equity ratio has increased from 42.6% to 51.5% over the past 5 years.
Debt Coverage: 6844's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: 6844 earns more interest than it pays, so coverage of interest payments is not a concern.