Shinden Hightex Balance Sheet Health
Financial Health criteria checks 5/6
Shinden Hightex has a total shareholder equity of ¥7.1B and total debt of ¥8.3B, which brings its debt-to-equity ratio to 116.9%. Its total assets and total liabilities are ¥18.5B and ¥11.4B respectively. Shinden Hightex's EBIT is ¥1.7B making its interest coverage ratio 3.5. It has cash and short-term investments of ¥5.7B.
Key information
116.9%
Debt to equity ratio
JP¥8.33b
Debt
| Interest coverage ratio | 3.5x |
| Cash | JP¥5.66b |
| Equity | JP¥7.13b |
| Total liabilities | JP¥11.35b |
| Total assets | JP¥18.48b |
Recent financial health updates
Shinden Hightex (TYO:3131) Has A Rock Solid Balance Sheet
Feb 16
Does Shinden Hightex (TYO:3131) Have A Healthy Balance Sheet?
Nov 18Recent updates
Shinden Hightex Corporation (TSE:3131) May Have Run Too Fast Too Soon With Recent 38% Price Plummet
Aug 05
There's Been No Shortage Of Growth Recently For Shinden Hightex's (TSE:3131) Returns On Capital
Aug 03Does Shinden Hightex Corporation (TYO:3131) Have A Place In Your Dividend Portfolio?
Apr 22Returns On Capital At Shinden Hightex (TYO:3131) Have Stalled
Mar 27Shinden Hightex (TYO:3131) Has A Rock Solid Balance Sheet
Feb 16Is Shinden Hightex Corporation (TYO:3131) A Strong Dividend Stock?
Jan 21Is Shinden Hightex (TYO:3131) Set To Make A Turnaround?
Dec 26Does Shinden Hightex (TYO:3131) Have A Healthy Balance Sheet?
Nov 18Financial Position Analysis
Short Term Liabilities: 3131's short term assets (¥18.2B) exceed its short term liabilities (¥11.2B).
Long Term Liabilities: 3131's short term assets (¥18.2B) exceed its long term liabilities (¥116.0M).
Debt to Equity History and Analysis
Debt Level: 3131's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: 3131's debt to equity ratio has reduced from 240.9% to 116.9% over the past 5 years.
Debt Coverage: 3131's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 3131's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 22:37 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shinden Hightex Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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