Shizuki Electric Balance Sheet Health
Financial Health criteria checks 4/6
Shizuki Electric has a total shareholder equity of ¥23.1B and total debt of ¥8.1B, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are ¥36.7B and ¥13.6B respectively. Shizuki Electric's EBIT is ¥1.2B making its interest coverage ratio -71.1. It has cash and short-term investments of ¥5.5B.
Key information
35.1%
Debt to equity ratio
JP¥8.10b
Debt
| Interest coverage ratio | -71.1x |
| Cash | JP¥5.48b |
| Equity | JP¥23.07b |
| Total liabilities | JP¥13.62b |
| Total assets | JP¥36.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6994's short term assets (¥19.4B) exceed its short term liabilities (¥5.1B).
Long Term Liabilities: 6994's short term assets (¥19.4B) exceed its long term liabilities (¥8.5B).
Debt to Equity History and Analysis
Debt Level: 6994's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: 6994's debt to equity ratio has increased from 4% to 35.1% over the past 5 years.
Debt Coverage: 6994's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6994 earns more interest than it pays, so coverage of interest payments is not a concern.