HORIBA Balance Sheet Health
Financial Health criteria checks 6/6
HORIBA has a total shareholder equity of ¥303.8B and total debt of ¥66.9B, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are ¥469.3B and ¥165.6B respectively. HORIBA's EBIT is ¥48.1B making its interest coverage ratio -25.1. It has cash and short-term investments of ¥136.4B.
Key information
22.0%
Debt to equity ratio
JP¥66.86b
Debt
| Interest coverage ratio | -25.1x |
| Cash | JP¥136.40b |
| Equity | JP¥303.78b |
| Total liabilities | JP¥165.57b |
| Total assets | JP¥469.35b |
Recent financial health updates
Recent updates
Does HORIBA (TSE:6856) Have A Healthy Balance Sheet?
Sep 12
HORIBA's (TSE:6856) Dividend Will Be ¥185.00
Aug 28HORIBA (TSE:6856) Will Pay A Dividend Of ¥185.00
Aug 10What Is HORIBA, Ltd.'s (TSE:6856) Share Price Doing?
Aug 09HORIBA, Ltd. (TSE:6856) Not Flying Under The Radar
Jul 25Here's What To Make Of HORIBA's (TSE:6856) Decelerating Rates Of Return
Jun 17A Look At The Intrinsic Value Of HORIBA, Ltd. (TSE:6856)
May 03Is There Now An Opportunity In HORIBA, Ltd. (TSE:6856)?
Apr 22Is Now The Time To Put HORIBA (TSE:6856) On Your Watchlist?
Mar 17HORIBA, Ltd.'s (TSE:6856) 25% Share Price Surge Not Quite Adding Up
Mar 05Financial Position Analysis
Short Term Liabilities: 6856's short term assets (¥327.8B) exceed its short term liabilities (¥99.7B).
Long Term Liabilities: 6856's short term assets (¥327.8B) exceed its long term liabilities (¥65.9B).
Debt to Equity History and Analysis
Debt Level: 6856 has more cash than its total debt.
Reducing Debt: 6856's debt to equity ratio has reduced from 25.3% to 22% over the past 5 years.
Debt Coverage: 6856's debt is well covered by operating cash flow (34.4%).
Interest Coverage: 6856 earns more interest than it pays, so coverage of interest payments is not a concern.