Shinko Electric Industries Balance Sheet Health
Financial Health criteria checks 5/6
Shinko Electric Industries has a total shareholder equity of ¥265.0B and total debt of ¥30.0B, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are ¥393.8B and ¥128.8B respectively. Shinko Electric Industries's EBIT is ¥24.8B making its interest coverage ratio -40.1. It has cash and short-term investments of ¥82.8B.
Key information
11.3%
Debt to equity ratio
JP¥30.00b
Debt
Interest coverage ratio | -40.1x |
Cash | JP¥82.81b |
Equity | JP¥264.98b |
Total liabilities | JP¥128.77b |
Total assets | JP¥393.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6967's short term assets (¥184.5B) exceed its short term liabilities (¥126.9B).
Long Term Liabilities: 6967's short term assets (¥184.5B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 6967 has more cash than its total debt.
Reducing Debt: 6967's debt to equity ratio has increased from 0.4% to 11.3% over the past 5 years.
Debt Coverage: 6967's debt is well covered by operating cash flow (234.9%).
Interest Coverage: 6967 earns more interest than it pays, so coverage of interest payments is not a concern.