Shimadzu Balance Sheet Health
Financial Health criteria checks 6/6
Shimadzu has a total shareholder equity of ¥454.4B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are ¥622.1B and ¥167.6B respectively. Shimadzu's EBIT is ¥73.2B making its interest coverage ratio -57.9. It has cash and short-term investments of ¥143.9B.
Key information
0.4%
Debt to equity ratio
JP¥1.63b
Debt
| Interest coverage ratio | -57.9x |
| Cash | JP¥143.86b |
| Equity | JP¥454.43b |
| Total liabilities | JP¥167.65b |
| Total assets | JP¥622.07b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7701's short term assets (¥432.1B) exceed its short term liabilities (¥143.6B).
Long Term Liabilities: 7701's short term assets (¥432.1B) exceed its long term liabilities (¥24.1B).
Debt to Equity History and Analysis
Debt Level: 7701 has more cash than its total debt.
Reducing Debt: 7701's debt to equity ratio has reduced from 6.4% to 0.4% over the past 5 years.
Debt Coverage: 7701's debt is well covered by operating cash flow (2296%).
Interest Coverage: 7701 earns more interest than it pays, so coverage of interest payments is not a concern.