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 ¥7.7B, which brings its debt-to-equity ratio to 108.2%. Its total assets and total liabilities are ¥18.7B and ¥11.6B respectively. Shinden Hightex's EBIT is ¥1.1B making its interest coverage ratio 2.6. It has cash and short-term investments of ¥5.6B.
Key information
108.2%
Debt to equity ratio
JP¥7.72b
Debt
| Interest coverage ratio | 2.6x |
| Cash | JP¥5.65b |
| Equity | JP¥7.13b |
| Total liabilities | JP¥11.61b |
| Total assets | JP¥18.74b |
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
Does Shinden Hightex Corporation (TYO:3131) Have A Place In Your Dividend Portfolio?
Apr 22
Returns 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 (¥18.3B) exceed its short term liabilities (¥11.2B).
Long Term Liabilities: 3131's short term assets (¥18.3B) exceed its long term liabilities (¥382.0M).
Debt to Equity History and Analysis
Debt Level: 3131's net debt to equity ratio (29.1%) is considered satisfactory.
Reducing Debt: 3131's debt to equity ratio has reduced from 227.9% to 108.2% over the past 5 years.
Debt Coverage: 3131's debt is well covered by operating cash flow (67.6%).
Interest Coverage: 3131's interest payments on its debt are not well covered by EBIT (2.6x coverage).