Japan Electronic Materials Balance Sheet Health
Financial Health criteria checks 6/6
Japan Electronic Materials has a total shareholder equity of ¥24.7B and total debt of ¥6.0B, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are ¥34.8B and ¥10.1B respectively. Japan Electronic Materials's EBIT is ¥871.0M making its interest coverage ratio -174.2. It has cash and short-term investments of ¥14.3B.
Key information
24.2%
Debt to equity ratio
JP¥5.98b
Debt
Interest coverage ratio | -174.2x |
Cash | JP¥14.25b |
Equity | JP¥24.67b |
Total liabilities | JP¥10.10b |
Total assets | JP¥34.77b |
Recent financial health updates
Recent updates
Rainbows and Unicorns: The Japan Electronic Materials Corporation (TSE:6855) Analyst Just Became A Lot More Optimistic
May 25Subdued Growth No Barrier To Japan Electronic Materials Corporation (TSE:6855) With Shares Advancing 54%
May 21Here's Why Japan Electronic Materials (TSE:6855) Can Manage Its Debt Responsibly
Apr 22Japan 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 (¥26.1B) exceed its short term liabilities (¥5.5B).
Long Term Liabilities: 6855's short term assets (¥26.1B) exceed its long term liabilities (¥4.6B).
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 34.9% to 24.2% over the past 5 years.
Debt Coverage: 6855's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 6855 earns more interest than it pays, so coverage of interest payments is not a concern.