Shinden Hightex Balance Sheet Health
Financial Health criteria checks 6/6
Shinden Hightex has a total shareholder equity of ¥7.4B and total debt of ¥6.0B, which brings its debt-to-equity ratio to 80.6%. Its total assets and total liabilities are ¥16.6B and ¥9.2B respectively. Shinden Hightex's EBIT is ¥1.4B making its interest coverage ratio 3.2. It has cash and short-term investments of ¥6.6B.
Key information
80.59%
Debt to equity ratio
JP¥5.97b
Debt
| Interest coverage ratio | 3.2x |
| Cash | JP¥6.59b |
| Equity | JP¥7.40b |
| Total liabilities | JP¥9.23b |
| Total assets | JP¥16.64b |
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
We Think Shinden Hightex's (TSE:3131) Robust Earnings Are Conservative
May 19
Shinden Hightex Corporation's (TSE:3131) Share Price Boosted 32% But Its Business Prospects Need A Lift Too
May 16Little Excitement Around Shinden Hightex Corporation's (TSE:3131) Earnings
Feb 10Shinden Hightex Corporation (TSE:3131) May Have Run Too Fast Too Soon With Recent 38% Price Plummet
Aug 05There'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 (¥16.3B) exceed its short term liabilities (¥9.2B).
Long Term Liabilities: 3131's short term assets (¥16.3B) exceed its long term liabilities (¥52.0M).
Debt to Equity History and Analysis
Debt Level: 3131 has more cash than its total debt.
Reducing Debt: 3131's debt to equity ratio has reduced from 185.7% to 80.6% over the past 5 years.
Debt Coverage: 3131's debt is well covered by operating cash flow (51.4%).
Interest Coverage: 3131's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/09 22:06 |
| End of Day Share Price | 2025/06/09 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2025/03/31 |
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.
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.