Shirai Electronics Industrial Balance Sheet Health
Financial Health criteria checks 5/6
Shirai Electronics Industrial has a total shareholder equity of ¥7.5B and total debt of ¥6.6B, which brings its debt-to-equity ratio to 88.1%. Its total assets and total liabilities are ¥20.7B and ¥13.2B respectively. Shirai Electronics Industrial's EBIT is ¥2.4B making its interest coverage ratio 9.6. It has cash and short-term investments of ¥2.0B.
Key information
88.1%
Debt to equity ratio
JP¥6.61b
Debt
Interest coverage ratio | 9.6x |
Cash | JP¥1.95b |
Equity | JP¥7.50b |
Total liabilities | JP¥13.22b |
Total assets | JP¥20.72b |
Financial Position Analysis
Short Term Liabilities: 6658's short term assets (¥11.5B) exceed its short term liabilities (¥9.4B).
Long Term Liabilities: 6658's short term assets (¥11.5B) exceed its long term liabilities (¥3.8B).
Debt to Equity History and Analysis
Debt Level: 6658's net debt to equity ratio (62.1%) is considered high.
Reducing Debt: 6658's debt to equity ratio has reduced from 346.5% to 88.1% over the past 5 years.
Debt Coverage: 6658's debt is well covered by operating cash flow (52.2%).
Interest Coverage: 6658's interest payments on its debt are well covered by EBIT (9.6x coverage).