Shirai Electronics Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Shirai Electronics Industrial has a total shareholder equity of ¥9.0B and total debt of ¥5.1B, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are ¥20.3B and ¥11.3B respectively. Shirai Electronics Industrial's EBIT is ¥2.2B making its interest coverage ratio 13.2. It has cash and short-term investments of ¥1.8B.
Key information
57.2%
Debt to equity ratio
JP¥5.13b
Debt
| Interest coverage ratio | 13.2x |
| Cash | JP¥1.77b |
| Equity | JP¥8.98b |
| Total liabilities | JP¥11.32b |
| Total assets | JP¥20.30b |
Recent financial health updates
Is Shirai Electronics Industrial (TYO:6658) Weighed On By Its Debt Load?
Apr 20
Is Shirai Electronics Industrial (TYO:6658) Using Too Much Debt?
Jan 04
Recent updates
Shirai Electronics Industrial Co., Ltd. (TSE:6658) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Aug 05Shirai Electronics Industrial Co., Ltd.'s (TSE:6658) Shares Bounce 26% But Its Business Still Trails The Market
Jun 10There May Be Some Bright Spots In Shirai Electronics Industrial's (TSE:6658) Earnings
May 22Is Shirai Electronics Industrial (TYO:6658) Weighed On By Its Debt Load?
Apr 20Is Shirai Electronics Industrial (TYO:6658) Using Too Much Debt?
Jan 04Financial Position Analysis
Short Term Liabilities: 6658's short term assets (¥11.2B) exceed its short term liabilities (¥8.3B).
Long Term Liabilities: 6658's short term assets (¥11.2B) exceed its long term liabilities (¥3.0B).
Debt to Equity History and Analysis
Debt Level: 6658's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: 6658's debt to equity ratio has reduced from 420.5% to 57.2% over the past 5 years.
Debt Coverage: 6658's debt is well covered by operating cash flow (50.7%).
Interest Coverage: 6658's interest payments on its debt are well covered by EBIT (13.2x coverage).