Japan Electronic Materials Balance Sheet Health
Financial Health criteria checks 6/6
Japan Electronic Materials has a total shareholder equity of ¥24.2B and total debt of ¥5.1B, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are ¥32.6B and ¥8.5B respectively. Japan Electronic Materials's EBIT is ¥842.0M making its interest coverage ratio -46.8. It has cash and short-term investments of ¥12.4B.
Key information
21.1%
Debt to equity ratio
JP¥5.10b
Debt
| Interest coverage ratio | -46.8x |
| Cash | JP¥12.40b |
| Equity | JP¥24.16b |
| Total liabilities | JP¥8.49b |
| Total assets | JP¥32.64b |
Recent financial health updates
Recent updates
Here's Why Japan Electronic Materials (TSE:6855) Can Manage Its Debt Responsibly
Apr 22
Japan Electronic Materials (TSE:6855) Has Affirmed Its Dividend Of ¥20.00
Mar 12Japan Electronic Materials Corporation (TSE:6855) Stock Rockets 35% As Investors Are Less Pessimistic Than Expected
Feb 28Japan Electronic Materials (TSE:6855) Has Affirmed Its Dividend Of ¥20.00
Feb 27Financial Position Analysis
Short Term Liabilities: 6855's short term assets (¥24.0B) exceed its short term liabilities (¥4.5B).
Long Term Liabilities: 6855's short term assets (¥24.0B) exceed its long term liabilities (¥4.0B).
Debt to Equity History and Analysis
Debt Level: 6855 has more cash than its total debt.
Reducing Debt: 6855's debt to equity ratio has reduced from 33.1% to 21.1% over the past 5 years.
Debt Coverage: 6855's debt is well covered by operating cash flow (80.7%).
Interest Coverage: 6855 earns more interest than it pays, so coverage of interest payments is not a concern.