Soshin ElectricLtd Balance Sheet Health
Financial Health criteria checks 5/6
Soshin ElectricLtd has a total shareholder equity of ¥12.0B and total debt of ¥582.0M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are ¥15.7B and ¥3.7B respectively. Soshin ElectricLtd's EBIT is ¥205.0M making its interest coverage ratio 205. It has cash and short-term investments of ¥1.1B.
Key information
4.8%
Debt to equity ratio
JP¥582.00m
Debt
| Interest coverage ratio | 205x |
| Cash | JP¥1.10b |
| Equity | JP¥12.00b |
| Total liabilities | JP¥3.69b |
| Total assets | JP¥15.69b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6938's short term assets (¥7.0B) exceed its short term liabilities (¥1.8B).
Long Term Liabilities: 6938's short term assets (¥7.0B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 6938 has more cash than its total debt.
Reducing Debt: 6938's debt to equity ratio has increased from 0% to 4.8% over the past 5 years.
Debt Coverage: 6938's debt is well covered by operating cash flow (158.9%).
Interest Coverage: 6938's interest payments on its debt are well covered by EBIT (205x coverage).