Advantest Balance Sheet Health
Financial Health criteria checks 5/6
Advantest has a total shareholder equity of ¥431.2B and total debt of ¥75.1B, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are ¥671.2B and ¥240.1B respectively. Advantest's EBIT is ¥81.6B making its interest coverage ratio 23.6. It has cash and short-term investments of ¥106.7B.
Key information
17.4%
Debt to equity ratio
JP¥75.14b
Debt
Interest coverage ratio | 23.6x |
Cash | JP¥106.70b |
Equity | JP¥431.18b |
Total liabilities | JP¥240.05b |
Total assets | JP¥671.23b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6857's short term assets (¥420.3B) exceed its short term liabilities (¥126.3B).
Long Term Liabilities: 6857's short term assets (¥420.3B) exceed its long term liabilities (¥113.8B).
Debt to Equity History and Analysis
Debt Level: 6857 has more cash than its total debt.
Reducing Debt: 6857's debt to equity ratio has increased from 0% to 17.4% over the past 5 years.
Debt Coverage: 6857's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 6857's interest payments on its debt are well covered by EBIT (23.6x coverage).