Shindengen Electric ManufacturingLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shindengen Electric ManufacturingLtd has a total shareholder equity of ¥67.4B and total debt of ¥44.0B, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are ¥144.2B and ¥76.8B respectively. Shindengen Electric ManufacturingLtd's EBIT is ¥1.2B making its interest coverage ratio -2. It has cash and short-term investments of ¥29.9B.
Key information
65.3%
Debt to equity ratio
JP¥44.03b
Debt
| Interest coverage ratio | -2x |
| Cash | JP¥29.91b |
| Equity | JP¥67.43b |
| Total liabilities | JP¥76.76b |
| Total assets | JP¥144.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6844's short term assets (¥91.7B) exceed its short term liabilities (¥30.9B).
Long Term Liabilities: 6844's short term assets (¥91.7B) exceed its long term liabilities (¥45.9B).
Debt to Equity History and Analysis
Debt Level: 6844's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: 6844's debt to equity ratio has increased from 46.9% to 65.3% over the past 5 years.
Debt Coverage: 6844's debt is not well covered by operating cash flow (5%).
Interest Coverage: 6844 earns more interest than it pays, so coverage of interest payments is not a concern.