Shimadzu Balance Sheet Health
Financial Health criteria checks 6/6
Shimadzu has a total shareholder equity of ¥499.9B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ¥664.9B and ¥165.0B respectively. Shimadzu's EBIT is ¥70.5B making its interest coverage ratio -51.9. It has cash and short-term investments of ¥150.4B.
Key information
0.3%
Debt to equity ratio
JP¥1.59b
Debt
| Interest coverage ratio | -51.9x |
| Cash | JP¥150.37b |
| Equity | JP¥499.93b |
| Total liabilities | JP¥164.96b |
| Total assets | JP¥664.89b |
Recent financial health updates
We Think Shimadzu (TSE:7701) Can Stay On Top Of Its Debt
Sep 09
Does Shimadzu (TSE:7701) Have A Healthy Balance Sheet?
Apr 29Recent updates
We Think Shimadzu (TSE:7701) Can Stay On Top Of Its Debt
Sep 09The Shimadzu Corporation (TSE:7701) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Aug 10Calculating The Fair Value Of Shimadzu Corporation (TSE:7701)
Aug 08Shimadzu (TSE:7701) Is Due To Pay A Dividend Of ¥26.00
Jul 25Shimadzu (TSE:7701) Is Due To Pay A Dividend Of ¥26.00
Jul 11Shimadzu Corporation's (TSE:7701) Price Is Out Of Tune With Earnings
Jun 12Does Shimadzu (TSE:7701) Have A Healthy Balance Sheet?
Apr 29Calculating The Intrinsic Value Of Shimadzu Corporation (TSE:7701)
Apr 12Shimadzu's (TSE:7701) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 03Financial Position Analysis
Short Term Liabilities: 7701's short term assets (¥452.7B) exceed its short term liabilities (¥141.4B).
Long Term Liabilities: 7701's short term assets (¥452.7B) exceed its long term liabilities (¥23.5B).
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 0.8% to 0.3% over the past 5 years.
Debt Coverage: 7701's debt is well covered by operating cash flow (1893.6%).
Interest Coverage: 7701 earns more interest than it pays, so coverage of interest payments is not a concern.