Sakai Moving ServiceLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sakai Moving ServiceLtd has a total shareholder equity of ¥86.7B and total debt of ¥3.5B, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ¥105.0B and ¥18.4B respectively. Sakai Moving ServiceLtd's EBIT is ¥12.8B making its interest coverage ratio -1594.3. It has cash and short-term investments of ¥24.7B.
Key information
4.1%
Debt to equity ratio
JP¥3.54b
Debt
Interest coverage ratio | -1594.3x |
Cash | JP¥24.72b |
Equity | JP¥86.68b |
Total liabilities | JP¥18.36b |
Total assets | JP¥105.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9039's short term assets (¥30.3B) exceed its short term liabilities (¥15.1B).
Long Term Liabilities: 9039's short term assets (¥30.3B) exceed its long term liabilities (¥3.3B).
Debt to Equity History and Analysis
Debt Level: 9039 has more cash than its total debt.
Reducing Debt: 9039's debt to equity ratio has reduced from 9.2% to 4.1% over the past 5 years.
Debt Coverage: 9039's debt is well covered by operating cash flow (281.5%).
Interest Coverage: 9039 earns more interest than it pays, so coverage of interest payments is not a concern.