River Eletec Balance Sheet Health
Financial Health criteria checks 5/6
River Eletec has a total shareholder equity of ¥4.4B and total debt of ¥4.2B, which brings its debt-to-equity ratio to 94.6%. Its total assets and total liabilities are ¥10.2B and ¥5.7B respectively. River Eletec's EBIT is ¥9.0M making its interest coverage ratio 0.5. It has cash and short-term investments of ¥2.8B.
Key information
94.6%
Debt to equity ratio
JP¥4.21b
Debt
Interest coverage ratio | 0.5x |
Cash | JP¥2.77b |
Equity | JP¥4.45b |
Total liabilities | JP¥5.73b |
Total assets | JP¥10.18b |
Recent financial health updates
Is River Eletec (TYO:6666) A Risky Investment?
Mar 02River Eletec (TYO:6666) Has A Pretty Healthy Balance Sheet
Dec 01Recent updates
Revenues Not Telling The Story For River Eletec Corporation (TSE:6666)
Apr 22River Eletec (TSE:6666) Is Experiencing Growth In Returns On Capital
Mar 01Is River Eletec (TYO:6666) A Risky Investment?
Mar 02The River Eletec (TYO:6666) Share Price Is Up 347% And Shareholders Are Delighted
Feb 02Does River Eletec (TYO:6666) Have The Makings Of A Multi-Bagger?
Jan 12Should You Use River Eletec's (TYO:6666) Statutory Earnings To Analyse It?
Dec 22River Eletec (TYO:6666) Has A Pretty Healthy Balance Sheet
Dec 01Financial Position Analysis
Short Term Liabilities: 6666's short term assets (¥6.0B) exceed its short term liabilities (¥3.0B).
Long Term Liabilities: 6666's short term assets (¥6.0B) exceed its long term liabilities (¥2.7B).
Debt to Equity History and Analysis
Debt Level: 6666's net debt to equity ratio (32.4%) is considered satisfactory.
Reducing Debt: 6666's debt to equity ratio has reduced from 520.8% to 94.6% over the past 5 years.
Debt Coverage: 6666's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 6666's interest payments on its debt are not well covered by EBIT (0.5x coverage).