New Cosmos ElectricLtd Balance Sheet Health
Financial Health criteria checks 6/6
New Cosmos ElectricLtd has a total shareholder equity of ¥45.9B and total debt of ¥1.5B, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ¥58.3B and ¥12.4B respectively. New Cosmos ElectricLtd's EBIT is ¥4.5B making its interest coverage ratio -40.9. It has cash and short-term investments of ¥16.0B.
Key information
3.3%
Debt to equity ratio
JP¥1.52b
Debt
| Interest coverage ratio | -40.9x |
| Cash | JP¥16.01b |
| Equity | JP¥45.94b |
| Total liabilities | JP¥12.41b |
| Total assets | JP¥58.35b |
Recent financial health updates
New Cosmos ElectricLtd (TYO:6824) Seems To Use Debt Rather Sparingly
Mar 09
Is New Cosmos ElectricLtd (TYO:6824) A Risky Investment?
Nov 30
Recent updates
New Cosmos ElectricLtd (TYO:6824) Seems To Use Debt Rather Sparingly
Mar 09How Does New Cosmos Electric Co.,Ltd. (TYO:6824) Stand Up To These Simple Dividend Safety Checks?
Feb 19New Cosmos ElectricLtd (TYO:6824) Shareholders Booked A 62% Gain In The Last Five Years
Feb 01Is New Cosmos Electric Co.,Ltd.'s (TYO:6824) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jan 13What You Need To Know About New Cosmos Electric Co.,Ltd.'s (TYO:6824) Investor Composition
Dec 21Is New Cosmos ElectricLtd (TYO:6824) A Risky Investment?
Nov 30Financial Position Analysis
Short Term Liabilities: 6824's short term assets (¥38.8B) exceed its short term liabilities (¥9.3B).
Long Term Liabilities: 6824's short term assets (¥38.8B) exceed its long term liabilities (¥3.1B).
Debt to Equity History and Analysis
Debt Level: 6824 has more cash than its total debt.
Reducing Debt: 6824's debt to equity ratio has reduced from 6.3% to 3.3% over the past 5 years.
Debt Coverage: 6824's debt is well covered by operating cash flow (168.7%).
Interest Coverage: 6824 earns more interest than it pays, so coverage of interest payments is not a concern.