Espec Balance Sheet Health
Financial Health criteria checks 5/6
Espec has a total shareholder equity of ¥53.5B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ¥72.9B and ¥19.3B respectively. Espec's EBIT is ¥6.7B making its interest coverage ratio -30.2. It has cash and short-term investments of ¥14.2B.
Key information
2.3%
Debt to equity ratio
JP¥1.22b
Debt
| Interest coverage ratio | -30.2x |
| Cash | JP¥14.20b |
| Equity | JP¥53.52b |
| Total liabilities | JP¥19.33b |
| Total assets | JP¥72.85b |
Financial Position Analysis
Short Term Liabilities: 6859's short term assets (¥49.1B) exceed its short term liabilities (¥16.1B).
Long Term Liabilities: 6859's short term assets (¥49.1B) exceed its long term liabilities (¥3.2B).
Debt to Equity History and Analysis
Debt Level: 6859 has more cash than its total debt.
Reducing Debt: 6859's debt to equity ratio has increased from 0% to 2.3% over the past 5 years.
Debt Coverage: 6859's debt is well covered by operating cash flow (224.8%).
Interest Coverage: 6859 earns more interest than it pays, so coverage of interest payments is not a concern.