Shimadzu Balance Sheet Health
Financial Health criteria checks 6/6
Shimadzu has a total shareholder equity of ¥492.3B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ¥674.0B and ¥181.6B respectively. Shimadzu's EBIT is ¥72.8B making its interest coverage ratio -55.1. It has cash and short-term investments of ¥165.3B.
Key information
0.3%
Debt to equity ratio
JP¥1.62b
Debt
Interest coverage ratio | -55.1x |
Cash | JP¥165.29b |
Equity | JP¥492.33b |
Total liabilities | JP¥181.63b |
Total assets | JP¥673.96b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7701's short term assets (¥466.9B) exceed its short term liabilities (¥158.5B).
Long Term Liabilities: 7701's short term assets (¥466.9B) exceed its long term liabilities (¥23.1B).
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 6.1% to 0.3% over the past 5 years.
Debt Coverage: 7701's debt is well covered by operating cash flow (1862%).
Interest Coverage: 7701 earns more interest than it pays, so coverage of interest payments is not a concern.